On July 4, 2024, BYD is celebrating significant milestones. The company is opening a new factory in Thailand, which will produce 150,000 vehicles annually, and is also set to manufacture its 8 millionth new energy vehicle (NEV). This expansion marks a notable achievement for BYD as it continues to grow its global presence and production capacity. Additionally, the Thai factory's opening aligns with BYD's strategy to enhance its production capabilities and meet the increasing global demand for NEVs​ (CarNewsChina.com)​.