Reference
·Supporting source
BYD, MG, GWM Thailand BEV sales (2023-2024)
BYD ~40K (2024)
BYD became Thailand's top BEV brand in 2024 with an estimated 40,000-45,000 units delivered, having opened its Rayong plant in mid-2024. MG (SAIC Motor-CP) and GWM (Great Wall Motors) sit in the second tier at roughly 7,000-12,000 BEV units each. The three Chinese OEMs together accounted for the majority of Thailand's BEV registrations in 2024, displacing legacy Japanese ICE dominance at the entry level. 2025 sales are being squeezed by aggressive BYD price cuts and inventory de-stocking pressure across the segment.
Figure in context
BYD became Thailand's top BEV brand in 2024 with an estimated 40,000-45,000 units delivered, having opened its Rayong plant in mid-2024. MG (SAIC Motor-CP) and GWM (Great Wall Motors) sit in the second tier at roughly 7,000-12,000 BEV units each. The three Chinese OEMs together accounted for the majority of Thailand's BEV registrations in 2024, displacing legacy Japanese ICE dominance at the entry level. 2025 sales are being squeezed by aggressive BYD price cuts and inventory de-stocking pressure across the segment.
Interpretation notes
What this tells you
BYD became Thailand's top BEV brand in 2024 with an estimated 40,000-45,000 units delivered, having opened its Rayong plant in mid-2024. MG (SAIC Motor-CP) and GWM (Great Wall Motors) sit in the second tier at roughly 7,000-12,000 BEV units each. The three Chinese OEMs together accounted for the majority of Thailand's BEV registrations in 2024, displacing legacy Japanese ICE dominance at the entry level. 2025 sales are being squeezed by aggressive BYD price cuts and inventory de-stocking pressure across the segment.
What not to do with it
Use the linked report for interpretation and keep basis differences explicit.
Related figures
Adjacent numbers that add context without drowning the value.
2024 vehicle production
Federation of Thai Industries Automotive Industry Club
2024 BEV share of new passenger-car registrations
Department of Land Transport, Thailand Automotive Institute, IEA Global EV Outlook 2025
BOI EV3.5 consumer subsidy
Thailand Board of Investment, Excise Department
HS 87 export value
UN Comtrade, Thai Customs Department
BYD Thailand BEV capacity
BYD disclosures, BOI quarterly applications, EEC Office
Toyota Thailand production
Toyota Motor Thailand, FTI production release
Report context
Atlas actors in this figure's reports
Profiles covered in the report that cite this number.