Unless I'm misunderstanding this, BYD seems to have decided on building a car plant in Vietnam. Just a matter of working out the terms. Again, I anticipate a plant in Vietnam & Indonesia. They may not all be as large as the Thailand factory though.
I mean it's quite clear that Chinese companies just like to set up business in Vietnam. It's the closest to mainland supply chain and easiest to get workers that perform at same cost level as China itself. BYD already having it's electronics factory in Vietnam would know how to operate in local environment better than in other countries.
I think the success of the Thailand market has encouraged BYD to add more plants. I mean just Thailand alone can almost support the full 150k plant they promised to build there
As BYD will expand investment into electric automobile production and assembly with the best technology to supply the Vietnamese market and export to the Southeast Asian region, he wished for favourable conditions to complete investment procedures and quickly put the electric car production and assembling project into operation. Along with that, BYD will establish a chain of supporting industrial enterprises for the electric car project, he added
I mean it's quite clear that Chinese companies just like to set up business in Vietnam. It's the closest to mainland supply chain and easiest to get workers that perform at same cost level as China itself. BYD already having it's electronics factory in Vietnam would know how to operate in local environment better than in other countries.
I think the success of the Thailand market has encouraged BYD to add more plants. I mean just Thailand alone can almost support the full 150k plant they promised to build there