BYD Vietnam

The battery plant involves a total investment of $130 million, with a combined annual capacity of 6 GWh across two phases.

BYD has launched the Han EV and M6 MPV in Vietnam, following the launch of the Dolphin, Seal, and Atto 3 in July.

BYD will launch three additional new models in Vietnam in October and plans to expand its dealerships to 100 by 2026.

BYD has slowed down plans to start construction of an EV plant in Vietnam due to its strategy and a slowdown in the EV market, Reuters reported.