Chinese electric vehicle (EV) maker BYD is expanding its global presence with the opening of a new showroom in Singapore. The showroom, located at Robinson 77, is operated by newly-appointed dealer Harmony Auto. BYD, the number one EV brand in Singapore, aims to provide a seamless and immersive retail experience for Singaporeans interested in sustainable mobility. The showroom showcases BYD's range of high-performance electric vehicles, including the DOLPHIN small hatchback, ATTO 3 compact SUV, e6 5-seater MPV, and the E6 electric sedan. It also features a technology corridor that highlights the internal technical structure of BYD vehicles and the blade battery innovation [13519c73].
In other EV news, premium EV maker BeyonCa, backed by Renault and Dongfeng Motor, has announced plans to set up a final assembly plant and its international headquarters in Hong Kong. The move is aimed at developing the territory's first car brand. While cars will be assembled in Tseung Kwan O, most of the manufacturing processes, such as stamping, body welding, and painting, will be completed in mainland China. BeyonCa's Chairman Weiming Soh stated that they aim to achieve a breakthrough in Hong Kong's auto manufacturing industry and become the first international premier electric vehicle brand made in Hong Kong. The firm has not disclosed the value of its investment or a timeline for when the plant is expected to start operating [13182b97]. BeyonCa plans to begin production in China in 2022 and build an overseas plant within five years. They aim to sell 100,000 EVs annually with three to five models available by a few years after 2025 [dbf58a40].
Meanwhile, China's BYD has opened its first electric vehicle (EV) factory in Southeast Asia in Thailand. The plant, worth $490 million, has a production capacity of 150,000 vehicles per year, including plug-in hybrids. BYD aims to use Thailand as a production hub for exporting to ASEAN and other countries. The company is also building its first European production base in Hungary to produce EVs and plug-in hybrids for the European market. Thailand aims to convert 30% of its annual vehicle production into EVs by 2030. BYD is the dominant player in Thailand's EV market, commanding a 46% share in the first quarter of 2024 [5b30da89].