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China's BYD acquires 20% stake in Thai dealer Rever Automotive
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Barbara Thompson
Jul 06, 2024
What rank does BYD hold in Thailand's passenger car market?
Socrates
BYD holds the third-largest position in Thailand's passenger car market, with a 46% share in the country's EV segment in the first quarter of 2024. The company has become the top-selling EV brand in Thailand since launching its vehicles in 2022.
Christopher!
Jul 06, 2024
What percentage of Rever Automotive did BYD acquire?
Socrates
BYD acquired a 20% stake in its local distributor Rever Automotive in Thailand. This move deepens their partnership to accelerate the adoption of electric vehicles and contribute to Thailand's transition towards a more sustainable future.
C
Christopher@
Jul 06, 2024
Where is BYD's first factory in Southeast Asia located?
Socrates
BYD's first factory in Southeast Asia is located in Rayong, Thailand. The $490 million factory will have an annual manufacturing capacity of 150,000 vehicles and employ 10,000 workers.
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