Published on March 14th, 2023 | by Sounder Rajen

BYD Becomes Best-Selling EV Brand In Thailand Again In February 2023

It looks like BYD might just become a best-seller in Asia very soon as well

The latest registration records for February 2023 in Thailand have been revealed and the data shows that Chinese automaker, BYD, has once again become the best-selling EV brand in the country for the first time since January. With the brand in Malaysia, we might see it become the number one electric vehicle (EV) brand in Asia soon.

Following its success in January of 2023, BYD then maintained its lead in February of 2023, registering 2,078 vehicles which accounted for 37.8 percent of the market. What is even more impressive is that of the total 2,078 vehicles registered, 2,068 of them were the BYD Atto 3 SUV with an impressive 400km range on a single charge.

Moreover, the second best-selling EV brand in Thailand for the month of February was another Chinese carmaker, NETA with 1,254 vehicles registered, followed by MG, also another Chinese EV brand registering 915 vehicles and rounding off the list of four was Tesla which registered 709 vehicles in February.

As far as specific models go, the top five EVs registered in Thailand for the month of February 2023 were the BYD Atto 3 in first, registering 2,068 vehicles, followed by the Neta V with 1,254 vehicles registered, the Tesla Model Y came in third with 534 registrations, the MG EP came in next with 356 registrations and rounding out the list is the MG 4 with 318 registered vehicles.

Part of the success of the BYD Atto 3 in Thailand is also its selling price which is 1.2 Million Baht, or roughly USD35,400 while the same version of the EV is priced at RMB139,800 in China (approximately USD20,300) and as for Europe the car goes for EUR38,000, which is about USD40,500.

BYD had recently also held a groundbreaking ceremony for the launch of its new factory on 10 March 2023. The brand also held another ceremony in honour of selling its 9,999^th and 10,000^th BYD Atto 3 SUV in Thailand and the brand plans to have 60 to 70 sales outlets in the country by the end of the year.

What’s more, the BYD plant in Thailand is expected to be fully operational in 2024 and will have a projected annual output of 150,000 vehicles. This plant is also to be the brand’s first overseas vehicle manufacturing plant with the aim for the plant to supply vehicles mainly to the Thai market but also others in the Asia-Pacific region.

So what do you guys think about this? Will BYD also become a best-selling EV brand in Malaysia and possibly all of Asia soon? Only time will tell, so let’s keep observing.