(Reuters) - Chinese electric vehicle frontrunner BYD has taken an early lead in Southeast Asia's small but fast-growing EV market, partly on the back ...
- Chinese electric vehicle frontrunner BYD has taken an early lead in Southeast Asia's small but fast-growing EV market, partly on the back of distribution partnerships with large, local conglomerates.BYD cars are sold by Sime Darby Motors, the automotive arm of Malaysian trading and logistics giant Sime Darby, in two of the region's wealthiest countries.
Sime Darby Motors took on the distributorship for Malaysia in 2022 and currently has nine dealerships nationwide, with another 12 in the pipeline, the company said.Rever Automotive is the distribution and after-sales partner of BYD in Thailand, the Chinese EV giant's largest overseas market where it is investing nearly $500 million to build a new production facility.
The company currently has 62 dealer locations across Thailand that sell BYD cars, according to its website.AC Motors, part of Filipino conglomerate Ayala Corp, which has interests spanning from real estate to renewable energy, announced a distribution partnership with BYD last month.
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