BYD Opens New EV Plant in Thailand Amidst Tariffs, Creating 10,000 Jobs and Manufacturing Dolphin, Atto 3, Seal and Sealion 6 Models

Rayong, Rayong Province, Thailand Thailand
BYD sold 3 million vehicles last year and exports more than tripled to 243,000. In the first half of this year, the company sold 1.6 million EVs.
Chinese automaker BYD inaugurated a new EV plant in Thailand on July 4, 2024.
Thailand aims to have 30% of all vehicles made in the country be electric by 2030, currently one in every three EVs sold is made by BYD.
The EU tariffs are expected to take effect on July 5 and US tariffs have already been implemented.
The factory, located in Rayong province, has an annual production capacity of 150,000 vehicles and will manufacture several BYD models along with batteries and transmissions.
The new factory is expected to create 10,000 jobs and will manufacture models such as the Dolphin, Atto 3, Seal and Sealion 6.
The opening of the factory comes amidst EU and US tariffs on Chinese EVs.
BYD Opens New EV Plant in Thailand Amidst Tariffs, Creating 10,000 Jobs and Manufacturing Dolphin, Atto 3, Seal and Sealion 6 Models

Chinese automaker BYD inaugurated its first electric vehicle (EV) plant in Thailand on Thursday, July 4, 2024. The new factory, located in Rayong province south of Bangkok, has an annual production capacity of 150,000 vehicles and will manufacture several BYD models along with batteries and transmissions (AP News).

The opening of the factory comes as the European Union (EU) is set to impose higher tariffs on EVs made in China due to concerns over competition from cheaper imports. The Biden administration in the US is also raising tariffs on Chinese EVs, citing subsidies that hurt domestic companies and cost jobs (AP News).

Thailand aims to have 30% of all vehicles made in the country be electric by 2030. Currently, one in every three EVs sold in Thailand is made by BYD (Nikkei Asia Review). The new factory is expected to create 10,000 jobs and will make models such as the Dolphin, Atto 3, Seal and Sealion 6 (AP News).

The EU tariffs are expected to take effect on July 5, while the US tariffs have already been implemented. The new factory in Rayong is part of BYD's expansion into Southeast Asia and follows the opening of factories in Brazil, Hungary and Uzbekistan (AP News).

The Dolphin model can run 490 kilometers (about 300 miles) on a single charge. The new factory is also expected to offer steep discounts for local buyers in Thailand, with the Atto 3 SUV being discounted by up to THB 340,000 ($9,234) (Nikkei Asia Review).

BYD sold 3 million vehicles last year and its exports more than tripled to 243,000. In the first half of this year, the company sold 1.6 million EVs (AP News).


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Confidence

90%

Doubts
  • Is the EU tariff implementation date correct?
  • What is the exact number of jobs created by the factory?

Sources

99%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

China's BYD inaugurates first plant in Thailand as it expands reach into Southeast Asia

The Associated Press News Thursday, 04 July 2024 09:56
  • Unique Points
    • Chinese automaker BYD inaugurated its first electric vehicle plant in Thailand on Thursday.
    • The new factory in Rayong, south of Bangkok, has an annual production capacity of 150,000 vehicles and makes several BYD models and batteries and transmissions.
    • Thailand aims to have 30% of all vehicles made in the country be electric by 2030.
    • One in every three EVs sold in Thailand is made by BYD.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

BYD to open Thai factory as new EU tariffs on China EVs kick in

Nikkei Asia Staff Writer Friday, 05 July 2024 04:45
  • Unique Points
    • Chinese electric vehicle champion BYD is opening its first factory in Southeast Asia on Thursday in Thailand’s Rayong province.
    • BYD plans to offer hefty price cuts for local buyers of the Atto 3 SUV, discounted by up to 340,000 baht ($9,234).
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

92%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

BYD comes to Thailand and China stakes its rare earths claims

Financial Times Friday, 05 July 2024 04:46
  • Unique Points
    • BYD inaugurated its first electric vehicle plant in Thailand on Thursday.
    • The new factory in Rayong has an annual production capacity of 150,000 vehicles.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

China's BYD inaugurates first plant in Thailand as it expands reach into Southeast Asia

ABC NEWS SITE NAMES Name: ABC News Site Names URL: https://abcnews.go.com/Politics/us-officially-blames-iran_106834435 ABC News Friday, 05 July 2024 04:46
  • Unique Points
    • Chinese automaker BYD inaugurated its first electric vehicle plant in Thailand on Thursday.
    • The new factory in Rayong was built in just 16 months.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication