BYD Thailand and Revo have welcomed the Cabinet's decision to raise the excise tax on imported electric vehicles to 35%, effective 1 Jan 2027. This aims to promote investment and fairness in the automotive industry. They continue to develop the Rayong production base, covering 5 main models that use over 50% local components, creating more than 6,000 jobs to support both the Thai market and exports.
On 9 Nov 2026, Benson Kuo, General Manager of BYD Auto (Thailand) Co., Ltd., said the government's new excise tax policy is a significant step to elevate Thailand's automotive industry towards the future, aligning with BYD's long-term investment vision.
We have proactively prepared by investing over 30 billion baht to establish an automotive manufacturing plant and the first Blade Battery assembly plant outside China in Rayong province, equipped with world-class production technology.
We can produce high-quality new energy vehicles to meet domestic and export market demand. We are ready to be an important driving force in advancing Thailand to become a leading global electric vehicle hub, in line with government goals.
Pratanwong Pornprapha, CEO of Revo Group, stated that Revo trusts the government's policy direction. This tax restructuring acts as a positive impetus to support operators making concrete investments in Thailand.
It also creates long-term industry stability. Revo assures Thai consumers they will continue delivering advanced technology and value-packed vehicles with strong domestic production capacity, along with seamless customer care through more than 176 internationally standard showrooms and service centers nationwide.
Importantly, we are ready to collaborate with all sectors to drive the transition to clean energy by offering innovative, advanced, safe, and eco-friendly new energy vehicles, while strengthening Thailand's automotive supply chain for stable and sustainable growth.
Pratanporn Pornprapha, Vice CEO of Revo Group, added that true growth alongside Thailand must come from building an automotive ecosystem and shared value with Thai society. Revo works closely with BYD, committed to using about 50% local materials and components, alongside employing and transferring advanced technology skills to Thai workers. This new tax policy will further strengthen domestic parts manufacturers.
Meanwhile, Revo will continue enhancing after-sales service standards and developing Thai personnel to provide the best new energy vehicle driving experience and utmost confidence for all customers.
Recently, BYD Thailand's factory in the WHA Industrial Estate, Rayong, celebrated assembling its 100,000th new energy vehicle, underscoring the rapid growth and strength of its production line. The five new energy models currently produced in Thailand are:
1. BYD DOLPHIN
2. BYD ATTO 3
3. BYD SEAL 5 DM-i
4. BYD SEALION 5 DM-i
5. BYD SEALION 6 DM-i
These models have officially received the Made in Thailand certification from the Federation of Thai Industries. Additionally, BYD collaborates with more than 266 local manufacturers and distributors, including over 125 domestic parts producers, with more than 1,179 items certified under the TAI standard.
This initiative has created over 6,000 jobs for Thai workers (about 95% of the workforce) and serves as a production base exporting to more than 10 countries and regions such as ASEAN, South Asia, Australia, and Europe.
It also functions as an export hub to over 10 countries worldwide, including ASEAN, South Asia, Australia, and Europe. The automotive parts produced in Thailand are used for assembling vehicles sold domestically and exported to these more than 10 countries globally.