Prime Minister Hun Manet announced that BYD, a leading electric vehicle manufacturer from China, will soon open a new factory in Cambodia. During a meeting with SMEs and artisans on June 27, Hun Manet also mentioned that two other companies plan to set up factories in Cambodia, further boosting the growth of the national industry.
BYD also plans to set up two service centers and 200 electric vehicle charging stations in Cambodia. This investment underlines BYD's commitment to supporting the necessary infrastructure for a sustainable electric vehicle market in Cambodia.
In additional information, BYD has already established a subsidiary in Cambodia to import electric vehicles for sale in the local market.
Hun Manet highlighted the opportunities for economic expansion and encouraged collaboration between international companies and local SMEs to strengthen the supply chain. He also stated that assembling cars from major companies such as BYD would create numerous technical jobs for Cambodians, offering high wages and expertise in electric vehicles and advanced skills.
This good news also reflects Cambodia's growing attractiveness as a manufacturing hub, adding to its existing automotive assembly plants. Currently, several factories in Cambodia produce brands such as Ssangyong, Ford by RMA Automotive, Hyundai by Camko Motor, Kia by HGB Motors Assembly, local brand GTV by GTV Motor, and Fortuner and Hilux by Toyota Tsusho Manufacturing (Cambodia).
