SHANGHAI (Reuters) -WHA Group, the Thai industrial estate developer, said on Tuesday that it and China’s BYD 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.
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)