PHNOM PENH: Chinese electric vehicle (EV) giant BYD officially broke ground this morning on the construction of its new vehicle assembly plant in Cambodia, located on a 12-hectare site within the Sihanoukville Special Economic Zone.
The groundbreaking ceremony was presided over by H.E. Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), representing Prime Minister Samdech Moha Borvor Thipadei Hun Manet, alongside H.E. Wang Wenbin, Chinese Ambassador to Cambodia.
In his remarks, H.E. Sun Chanthol emphasised the increasing number of investment projects and BYD’s presence in Cambodia, noting that they reflect investors’ confidence in the Royal Government of Cambodia. He encouraged BYD to further promote the relocation of their production chain factories to Cambodia.
H.E. Deputy Prime Minister also called on all investors to share their positive experiences regarding Cambodia’s investment environment within their business communities to help attract more investment, generate more jobs, and contribute to the country’s economic growth.
According to BYD, the first phase of construction involves an investment capital of US$32 million. The plant is expected to be fully constructed and operational by the fourth quarter of 2025. Once completed, the facility is anticipated to significantly boost the adoption of BYD vehicles across Cambodia.
The new plant will have the capacity to assemble over 10,000 vehicles annually. BYD Cambodia plans to produce two types of vehicles at the site: fully electric BYD EVs and hybrid models that can run on both gasoline and electricity.