BYD is setting up an EV manufacturing facility in Thailand with the goal of producing 150,000 electric vehicles annually by 2024.The 17.9 billion Baht (USD 491.49 million) project to produce EVs in the Kingdom was approved by Thailand's Board of Investment last month. The manufactured units will be sold not just in Thailand, but will also be exported to other Southeast Asian and European countries.One of the confirmed products to be produced at the new BYD Thai plant is the Atto 3 (lead photo), an all-electric compact SUV.

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