BYD Acquires 20% Stake in Thai Distributor Rever Automotive Amid Expanding Operations
Key Points: BYD acquires a 20% stake in Thai distributor Rever Automotive. BYD opens a factory in Thailand with an annual capacity of 150,000 vehicles. BYD has become Thailand's top-selling EV brand, with a 46% market share, and Rever has played a pivotal role in this. Rever Automotive faces a probe over pricing strategies, causing dissatisfaction among some past customers. BYD's investments aim to strengthen its manufacturing and sales presence in Southeast Asia. Chinese electric vehicle (EV) giant BYD has...