BYD Acquires 20% Stake in Thai Dealer Rever Automotive
Saturday, 6 July 2024, 14:20
China's BYD Acquires Stake in Rever Automotive
BYD, a leading EV manufacturer, has acquired a 20% stake in Rever Automotive, its prominent distributor in Thailand. This partnership marks a significant move for BYD in expanding its market reach.
Expansion in Thailand Market
- Strategic Alliance: BYD's partnership aims to enhance its market presence in Thailand.
- Growth in EV Segment: BYD has emerged as the top-selling EV brand in Thailand.
- Market Expansion: The acquisition aligns with BYD's strategy to strengthen its position in key markets.
BYD's collaboration with Rever Automotive signifies a strategic maneuver to capitalize on the growing demand for EVs in Thailand.
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