Etiqueta: EV

BYD (BYDDF) to acquire 20% stake in Thailand's Rever Automotive, strengthening its dominance in the country's EV market. Read more here.

The new factory would improve BYD’s access to the European Union, because Turkey has a customs-union agreement with the bloc.

China's BYD will acquire a 20% stake in its local distributor Rever Automotive in Thailand, its largest market outside of China where it is an electric vehicle market leader, the companies said Saturday. The Shenzhen-based automaker opened its first factory in Southeast Asia in Thailand this week. Rever Automotive, which has over 100 showrooms in Thailand, launched the sale of BYD vehicles in 2022 and BYD soon became the country's top-selling EV brand.

China's BYD acquires 20% stake in Thai dealer Rever Automotive

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The new factory would improve BYD’s access to the European Union, because Turkey has a customs-union agreement with the bloc.

New factory may offer BYD access to the EU market avoiding recently imposed tariffs