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Rever allots B3bn to nurture BYD venture
Business, Lamonphet Apisitniran, Published on 09/08/2022
» Newly established Rever Automotive Co, the sole distributor of electric vehicles (EVs) produced by Chinese automaker BYD, has allocated an investment budget of 3 billion baht to develop an EV business as it looks forward to becoming a leading EV company in Thailand.
BOI hands Investment Promotion Certificate to BYD
Published on 09/09/2022
» Mr. Narucha Ruchuphan, Senior Executive Investment Advisor, Thailand Board of Investment (BOI), handed to Mr. Prawit Vijittanakul, Commercial Manager of BYD Auto (Thailand) Co., Ltd., as the company’s representative, the Investment Promotion Certificate for BYD’s 17.9 billion baht (ca. US$490 million) investment in a ‘new energy’ passenger vehicle plant in Rayong province, on 8 September 2022. The investment by the fully-owned unit of China’s BYD was approved by the BOI board in August under the incentive package to promote the manufacturing of electric vehicles (EV) and make Thailand the region’s EV supply chain hub.