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Announced

BYD to acquire a 20% stake in Rever Automotive.

Synopsis

BYD, a company engaged in the research, development, manufacture, and distribution of automobiles, agreed to acquire a 20% stake in Rever Automotive, a company that specializes in the distribution of cars. Financial terms were not disclosed. “We are thrilled to deepen our partnership to accelerate the adoption of electric vehicles and contribute to Thailand’s transition towards a more sustainable future,” Liu Xueliang, BYD Asia-Pacific Auto Sales General Manager.

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