The Thai seat plant is the primary abroad manufacturing unit constructed collectively by BYD and Forvia, which collectively have arrange seven vegetation in China.
BYD (HKG: 1211, OTCMKTS: BYDDY) and French auto components group Forvia have opened a seat meeting plant in Thailand to help its native manufacturing.
The seat plant, which opened on July 18, will produce automotive seats for BYD’s Thailand plant, with an estimated annual capability of 180,000 items, based on a press release as we speak from the Chinese language new power car (NEV) maker.
The Thai seat plant is the primary abroad manufacturing unit constructed by BYD and Forvia, which collectively have seven vegetation in China.
The French auto components group, beforehand often called Faurecia, was based in 1998. It accomplished the acquisition of one other components provider, Hella, in February 2022 and fashioned a brand new components group known as Forvia.
Forvia is the world’s seventh-largest automotive expertise provider, and its partnership with BYD started in 2017. It has a analysis and improvement middle in Shenzhen, the town of BYD’s international headquarters.
In October 2017, BYD and Faurecia established Shenzhen Faurecia Automotive Elements Co Ltd, which is majority-owned by the latter.
In a press release on July 24, 2023, Forvia stated it might construct a brand new seat meeting plant with BYD in Rayong province, Thailand.
Thailand will likely be Forvia’s export hub within the Asia-Pacific area and an necessary development engine for the longer term, the French components firm stated on the time.
BYD held a groundbreaking ceremony on March 10, 2023 for its Thai plant. The plant, which has an annual capability of 150,000 automobiles, is the primary abroad passenger automotive plant wholly owned by BYD.
The BYD Thailand plant opened on July 4 this yr and noticed the BYD’s 8 millionth NEV roll off the manufacturing line.
BYD Thailand plant opens as its 8 millionth NEV rolls off line
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