BYD Automotive to acquire Hedin Electric Mobility from Hedin Mobility.

BYD Automotive, an EV maker, agreed to acquire Hedin Electric Mobility, the appointed Dealer+ of BYD vehicles and spare parts in the German market, from Hedin Mobility, a mobility provider. Financial terms were not disclosed. “BYD is committed to fostering strong long-term partnerships. The existing partnerships with the German retailers will continue. Together with its retail partners, BYD will further extend outstanding customer services and warranty support in Germany,” Stella Li, BYD Executive Vice President.