Reported about 1 year ago
China's BYD will acquire a 20% stake in Thai distributor Rever Automotive, expanding their partnership to promote electric vehicles in Thailand. BYD, a leader in China's EV market, recently opened a factory in Thailand and aims to contribute to the country's sustainable future. Thailand is a key hub for auto manufacturing, traditionally dominated by Japanese brands. BYD holds a significant market share in Thailand's EV segment and passenger cars, while Rever faces scrutiny for past pricing practices.
Source: YAHOO