BYD Expands Global Reach with New Launches and Factories

The world's largest EV maker introduces new models in Indonesia, plans to triple dealerships in Thailand, and considers expansion in Hungary and Mexico.

• BYD, the world's largest EV maker, has launched in Indonesia, Southeast Asia's largest economy, with three new passenger models and a promised $1.3 billion factory.
• The Chinese car company is also investing in production facilities in Hungary and Thailand, and is reportedly considering factories in Mexico as a launching point for the U.S. market.
• BYD's Thai distributor plans to triple its dealerships in Thailand in two years, helping to cement the Chinese automaker's dominant position in its top overseas market.
• BYD is considering expansion in Hungary and Mexico, which could serve as gateways to Europe and North America, bolstering the company’s quest to become a global household name.
• BYD's footprint now extends to more than 70 countries, up from more than 50 in 2020, and the company is rapidly adding to existing overseas production with plans for new plants in Indonesia, Thailand, and Uzbekistan.

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