Chinese EV maker BYD buys land to set up plant in Thailand

Chinese EV maker BYD buys land to set up plant in Thailand

BYD, China's biggest carmaker by market valuation, is looking to list its chipmaking arm in Shenzhen. © Getty Images

Chinese electric vehicle (EV) maker BYD on Thursday announced it would set up a facility in Thailand to start producing 150,000 passenger cars a year from 2024.