BYD Expands Presence in Asia

BYD is making significant strides in the Asian automotive market, notably challenging Toyota in its own territory, Japan The latest sales data reveals that BYD has captured nearly 3% of Japan's EV market during the first half of 2024, impressive progress considering it just launched its first EV in the region the previous year Further expanding its influence, BYD reportedly plans to establish a new EV manufacturing facility in Cambodia. This strategic move aims to strengthen its footprint in Southeast Asia, with the plant expected to have an annual production capacity of 20,000 vehicles destined for the local market.