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HomeGeneral NewsThailand's WHA, China's BYD to announce plans for EV plant in Thailand

Thailand’s WHA, China’s BYD to announce plans for EV plant in Thailand

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Thailand’s WHA, China’s BYD to announce plans for EV plant in Thailand
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Thailand's WHA, China's BYD to announce plans for EV plant in Thailand
© Reuters. FILE PHOTO: The BYD emblem is photos on its Qin EV300 mannequin throughout the Auto China 2016 auto present in Beijing, China April 26, 2016. REUTERS/Kim Kyung-Hoon

SHANGHAI (Reuters) -WHA Group, the Thai industrial property developer, mentioned on Tuesday that it and China’s BYD are set to announce plans for an electrical car (EV) manufacturing facility in Thailand.

The 2 corporations will maintain a joint information convention on plans for an EV facility in an industrial property in Rayong on Thursday, in response to an invite from WHA Group.

Thailand’s Board of Funding in August permitted a bunch of funding pledges together with BYD’s 17.9 billion baht ($491 million) challenge to supply EVs.

BYD expects to begin promoting EVs in Thailand later this 12 months, Chinese language media outlet Jiemian reported.

($1 = 36.4600 baht)

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