China's BYD acquires 20% stake in Thai distributor Rever Automotive

China's BYD acquires 20% stake in Thai distributor Rever Automotive

FILE PHOTO: The BYD logos are displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. REUTERS/Chalinee Thirasupa/File Photo

China’s BYD will acquire a 20% stake in its local distributor Rever Automotive in Thailand, its largest market outside of China where it is an electric vehicle market leader, the companies said Saturday.