PHNOM PENH: On Friday, October 20, 2023, H.E. Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC) met with Mr. Kading Liu, Deputy Director of BYD Co. Ltd., a leading Chinese electric vehicle manufacturer.
During the meeting, the H.E. Deputy Prime Minister expressed his appreciation and encouragement for BYD to participate in the installation of more electric charging stations in Cambodia and to study the feasibility of building a car assembly line factory in the country. He noted that Cambodia has a young and highly productive population, making it an ideal location for such a factory.
Deputy Prime Minister also briefed the company on a number of infrastructure projects that the Royal Government of Cambodia is developing, such as the Phnom Penh-Sihanoukville Expressway, Siem Reap Angkor Thmey Airport, and the Phnom Penh-Bavet Expressway, which would make it easier to transport and distribute BYD’s vehicles throughout the region.
In order to encourage more investment in electric vehicles, the Deputy Prime Minister also instructed the company to provide input on the standards that they have successfully implemented in the past in the field of electric vehicles (EV) in Cambodia. This input would be used to draft legal documents related to investment in the electric vehicle sector in Cambodia.
BYD expressed its commitment to the Cambodian market and its plans to build two service centers and two showrooms in 2023, with a new showroom in Siem Reap planned for 2024.
The company also plans to introduce new types of cars to the Cambodian market, citing the country’s political stability, economic potential, growth of social infrastructure, and increasing electric vehicle traffic.
