BYD

2023 marked a turning point for BYD as it began to double down on energy storage projects in the domestic market for ultra-low prices.

The company says it is ‘on track’ to start constructing a local plant later this year.

New players struggle to take on market leader BYD’s dominance.

The move presents a challenge to Japanese automakers’ market dominance.

Chinese automakers are vying for a piece of Thailand’s EV market, a move underpinned by the country’s industrial advantages, climate conditions, and cultural backdrop.

While new energy vehicles are thriving, the price war continues as automakers retract their pact.

BYD’s Wang Chuanfu urges peers to pay attention to market changes and prepare for opportunities in the Chinese new energy vehicle market.

Low profits drive maker into high-end segment, but company faces curbs overseas.