Tesla's Top Rival BYD Expanding In Cambodia - What's Going On?
Portfolio Pulse from Nabaparna Bhattacharya
BYD Co., Ltd. (OTC:BYDDY) plans to build an electric vehicle (EV) plant in Cambodia with a capacity to assemble 20,000 vehicles annually for domestic and international markets. This expansion follows BYD's previous market entries in Southeast Asia, including Thailand and Indonesia.
July 16, 2024 | 3:21 pm
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BYD Co., Ltd. (OTC:BYDDY) is expanding its manufacturing capabilities in Southeast Asia by constructing a new EV plant in Cambodia. This move is expected to enhance BYD's production capacity and market presence in the region.
The construction of a new EV plant in Cambodia will likely increase BYD's production capacity and market share in Southeast Asia, positively impacting its stock price in the short term.
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