This plan was announced during a meeting between Prime Minister Hun Manet and Mr. Liu Xueliang, General Director of BYD Asia-Pacific automobile business department on July 15.
"BYD plans to build an electric vehicle assembly factory in Cambodia with a maximum production capacity of 20,000 vehicles per year to supply the domestic market and international export," Prime Minister Hun Manet shared.
The BYD brand started entering the Cambodian market in 2020 and has 2 showrooms opened in Phnom Penh in 2024. In addition to BYD, there are currently about 10 brands selling clean energy cars here, including: BMW, Tesla, Toyota and some auto brands from China.
Although the market is quite competitive, BYD still sold 658 electric cars in the Cambodian market in the first 6 months of 2024, accounting for more than 40% of the total 1,614 electric cars sold in this country.
Previously, in May 2023, BYD planned to spend about 250 million USD to build an electric vehicle assembly factory in Vietnam.
By the end of March 2024, BYD suddenly announced the postponement of plans to build a factory in Vietnam because of changes in strategy and the general recession of the global electric vehicle market.
