BYD announced at this auto show that in the third quarter of 2024, BYD’s Thai passenger car production base will be completed and put into production. At the same time, BYD locally released the 2024 version of BYD ATTO 3 long-range version, and announced the opening of blind ordering for Denza D9. Exhibited models also include the first right-hand-drive Song Max EV, BYD SEALION (Sea Lion 07), BYD SEAL U (Song PLUS EV), as well as the U9 and Formula Leopard 5.

According to previous reports, Chinese brands will account for 70~80% of Thailand’s pure electric vehicle market in 2023. The top four annual sales of electric vehicles in Thailand are all Chinese brands, and Chinese brands account for eight of the top ten. It is expected that more Chinese electric vehicle brands will enter the Thai market in 2024. Statistics from “Thailand Car Life” show that the local electric vehicle sales rankings in 2023 are BYD, Neta, MG, Tesla, and Ora.

In addition, BYD Seal was also launched in Thailand last September. The car is available locally in three configurations: “dynamic version”, “exclusive version” and “four-wheel drive performance version”, with a price range of 1.325 million baht – 1.599 million baht (currently about 264,000 RMB- 318,000 RMB).

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In January this year, BYD launched three pure electric models in Indonesia – Dolphin, Seal, and ATTO3 (yuan PLUS), further expanding its Southeast Asian market territory. Indonesian Minister of Economic Coordination Airlangga Hartarto also announced at the press conference that BYD will invest US$1.3 billion (Note: currently about 9.36 billion RMB) to build an automobile factory in Indonesia with an expected production capacity of 150,000 vehicles.

BYD Indonesia president Eagle Zhao has said the company is on track to start building the facilities later this year and will establish up to 50 sales outlets nationwide by the end of 2024.

BYD, Wuling Motors and other electric vehicle manufacturers will build factories in Indonesia. He also revealed that the Indonesian government is considering more tax incentives to attract electric vehicle manufacturers.

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In addition, Indonesian Minister of Economic Coordination Airlangga Hartarto also announced at the press conference that BYD will invest US$1.3 billion (Note: currently about 9.373 billion RMB) to build an automobile factory in Indonesia with an expected production capacity of 150,000 vehicles.

BYD Indonesia president Eagle Zhao said the company is on track to start building the facilities later this year and will have up to 50 sales outlets across the country by the end of 2024.

Atto 3 is BYD’s first A-class trendy SUV based on e-platform 3.0. The vehicle has a drag coefficient as low as 0.29, can accelerate from 0 to 100 kilometers in 7.3 seconds, and has a maximum range of 420km (WLTP).

In fact, Indonesia has been trying to provide incentives to attract investment from electric vehicle manufacturers. Indonesian Industry Minister Agus Gumiwan Kartasasmita said that the government is considering abolishing import tariffs and value-added tax for companies investing in local electric vehicle factories.

“We are optimistic that if implemented, this will boost investment and increase demand for the use of electric vehicles,” Agus said.

Luhut Panjatan, Indonesia’s Coordinating Minister for Marine Affairs and Natural Resources, said last year that Indonesia was developing incentives for domestic electric car manufacturers and hoped to obtain investment from large companies such as BYD and Tesla.

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According to CCTV reports, Chinese brands will account for 70~80% of Thailand’s pure electric vehicle market in 2023. The top four sales of electric vehicles in Thailand for the whole year are all Chinese brands, and Chinese brands occupy eight of the top ten seats. It is expected that more Chinese electric vehicle brands will enter the Thai market in 2024.

Statistics from “Thailand Car Life” show that the 10 most popular electric cars in Thailand in 2023 are:

 BYD ATTO 3 – 19,214

 Neta V – 12,777

 BYD Dolphin – 9,410

 Ora Good Cat – 6,712

 Tesla Model Y – 5,881

 MG 4 – 4,833

 MG EP – 4,475

 Tesla Model 3 – 2,324

 BYD Seal – 1,810

 MG ZS EV – 1,753

According to statistics by brand, Thailand’s 2023 electric vehicle sales ranking is:

 BYD – 30,650 vehicles

 Neta(Hezhong) – 12,777 units

 MG – 12,764 units

 Tesla – 8,206 vehicles

 Ora Motors – 6,746 units

According to reports, the Thai government is actively supporting the development of the electric vehicle industry and will provide a subsidy of 150,000 baht (currently about 30,600 RMB) per person per electric vehicle in 2023. As a result, the country’s electric vehicle market has exploded, growing 684% year-on-year; but this trend may decline slightly as subsidies shrink to 100,000 baht (currently about 20,400 RMB) in 2024.

Krisda Utamote, chairman of the Thailand Electric Vehicle Association, said in an interview with Bloomberg in Bangkok that by the end of this year, the number of new electric vehicle registrations may exceed 150,000, accounting for 20% from 12% last year (and only 20% by 2022). number of digits).

He believes that as Chinese manufacturers prepare to launch the first batch of locally made models in Thailand, coupled with government incentives of approximately US$2.4 billion (Note: currently approximately 17.28 billion RMB), Thailand’s electric vehicle sales may increase this year. will double. He also noted that the Thai government wants electric vehicles to account for 30% of vehicle production by 2030.

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According to reports, BYD’s best-selling ATTO 3 model will be launched in Europe in September 2022. The transaction price at the beginning of this year was about 47,000 euros.

Calculated based on a 15% discount, the current starting price of this electric SUV is about 39,950 euros, which will be compared with the Volkswagen ID.4 (43,900 euros) and Tesla Model Y (44,899 euros) to compete.

It is worth mentioning that BYD’s car roll-off carrier was delivered and left the port in Yantai, Shandong on January 9. This is the first car carrier in BYD’s “sea-going fleet” – BYD EXPLORER NO.1.

According to reports, the 7,000-space car carrier was built by CIMC Raffles, a subsidiary of CIMC Group, for the international shipping company Zodiac Maritime and leased to BYD by the shipowner. At the next stop, the ship will go to Shenzhen Xiaomo Port to load trucks before heading to Europe.

At the same time, the ship is also the first car transport ship built by a domestic shipyard and specially used for the export of domestically produced cars, marking the beginning of the era of “self-transport of domestic cars”.

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Picture source BYD official account

It is noted that this will be BYD’s (passenger car) first European factory. BYD already has a bus factory in Hungary.

Previously, BYD announced its entry into the Hungarian passenger car market. Three pure electric models, ATTO 3, Dolphin and Seal, made their debut in Hungary.

BYD has established a comprehensive service network covering all of Hungary with two contracted dealers, DUNA AUTÓ and Wallis Motor Duna Kft, to provide a convenient and reliable car purchase, use and after-sales experience.

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This is an ambitious plan because the Japanese market has always been a difficult fortress for foreign brands to conquer. Japanese consumers have deep trust and preference for local car brands. Japan is the fourth largest car market in the world, with local carmakers holding more than 90% of the market share.

In addition, Japan’s electric vehicle market is also not very prosperous. Currently, hybrid vehicles and light and small vehicles are the main demand models. In November this year, Japan’s electric vehicle sales fell 9% year-on-year to only 6,429 units.

BYD officially entered the Japanese passenger car market in January this year and launched three pure electric vehicles, namely SEAL, DOLPHIN, and ATTO 3. Among them, ATTO 3 is priced at 4.4 million yen (tax included), which is approximately 222,700 RMB.

In order to open up the Japanese market, BYD has also taken a series of measures, including establishing its own dealer network and reaching agency agreements with well-known local dealers and auto parts sellers. The company currently has about 50 sales points in various regions of Japan, including Temporary store.

It is noticed that BYD’s overseas business has maintained a strong growth momentum. In overseas markets, BYD has sold more than 30,000 vehicles for two consecutive months. In the first 11 months of this year, BYD’s overseas sales reached a cumulative total of 206,700 vehicles, more than three times that of last year.

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It is noted that BYD plans to open more than 10 dealership stores in the Caribbean in the future, covering Cayman, Curacao, Barbados, Aruba, Antigua, St. Lucia, Guyana and Suriname, Jamaica, Trini areas such as Darfur and Tobago.

It is worth mentioning that BYD partnered with ATL Automotive in June to promote the electrification of transportation in the Caribbean. BYD’s cooperation plans with ATL include the establishment of BYD showrooms.

The initial phase will see the opening of two showrooms in Jamaica, specifically in Kingston and Montego Bay. Among them, the Kingston showroom serves as an “experience center” and will display BYD’s upcoming models and technologies.

As of October 2023, BYD’s cumulative sales of new energy vehicles have exceeded 5.7 million units, covering more than 70 countries and regions on six continents around the world.

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▲ Picture source BYD official account, the same below

According to reports, BYD will establish a comprehensive service network covering all of Hungary with two contracted dealers, DUNA AUTÓ and Wallis Motor Duna Kft, to provide a convenient and reliable car purchase, use and after-sales experience. BYD’s two stores in Budapest, the capital of Hungary It will be officially opened on the 19th of this month.

BYD officials revealed that since announcing its entry into the European passenger car market at the Paris Auto Show in 2022, the brand has entered 19 European countries. Hungary is the first Central and Eastern European market that BYD has entered, marking another important milestone in BYD’s expansion of its global presence.

According to previous reports, BYD demonstrated 6 electric vehicles and new technologies at the Munich International Auto Show IAA 2023, including Seal EV (Seal), Seal U and Denza D9 models . Including the Dolphin, Tang and ATTO 3 previously sold in the EU, BYD is expected to have a total of six models on the European market by the end of this year.

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List data shows that from January to August 2023, the top 10 global electric vehicle sales rankings are Tesla Model Y, BYD Song family, Tesla Model 3, BYD Qin family, BYD ATTO 3, BYD Dolphin, GAC Aion Aion S, Wuling Hongguang MINI EV, BYD Han family, GAC Aion Aion Y.

The top 11-20 models are Volkswagen ID.4, BYD Tang family, BYD Seagull, Wuling Bingo, Changan Lumin, Denza D9, Volkswagen ID.3, Volvo XC40 family, Hyundai Ioniq 5, and Lili L7.

Note: The Whole Mars Catalog has specially processed the list and deleted the models that included plug-in hybrid electric vehicles (PHEV) from the original list. Some models in this list are only counted as pure electric versions. .

The original list including plug-in hybrid models is as follows:

▲Image source CleanTechnica

It was previously reported that in late May this year, Elon Musk responded to a video of himself mocking BYD on Twitter, saying that his views had changed dramatically. “That was many years ago (2011) and their cars are very competitive now,” he wrote in reply to the tweet.

After Tesla announced its second quarter financial report last year, in response to a question about “market competition from Chinese electric vehicle manufacturers” during an investor Q&A session, Tesla said that it had great respect for Chinese electric vehicle manufacturers. He said: “They are smart and hard-working, and any company without similar competitiveness will decline.” Elon Musk added, “The best electric car manufacturer in China at the moment is actually Tesla China.”

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