Thailand's WHA, China's BYD to announce plans for EV plant in Thailand (updated)

Dongwha Pharm

06/09/2022 12:00

(Adds details)
    SHANGHAI, Sept 6 (Reuters) - WHA Group, the Thai industrial
estate developer, said on Tuesday that it and China's BYD
 1211.HK  are set to announce plans for an electric vehicle (EV)
manufacturing facility in Thailand.
   The two companies will hold a joint news conference on plans
for an EV facility in an industrial estate in Rayong on
Thursday, according to an invitation from WHA Group. 
    Thailand's Board of Investment in August approved a group of
investment pledges including BYD's 17.9 billion baht ($491
million) project to produce EVs.  urn:newsml:reuters.com:*:nL4N2ZT15W
    BYD expects to start selling EVs in Thailand later this
year, Chinese media outlet Jiemian reported.
    ($1 = 36.4600 baht)

 (Reporting by Chayut Setboonsarng, Shanghai Newsroom; editing
by Andrew Heavens; editing by Jason Neely)
 ((Zoey.Zhang@thomsonreuters.com;))