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

Reuters - 06/07
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.
BANGKOK, July 6 (Reuters) - China's BYD (002594.SZ)New Tab, opens new tab, 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. The $490 million factory will have an annual manufacturing capacity of 150,000 vehicles and employ 10,000 workers.
Rever AutomotiveNew Tab, opens new tab, which has over 100 showrooms in Thailand, launched the sale of BYD vehicles in 2022 ...
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