Hyperdrive
China Electric Car Giant BYD Enters Malaysia in Sime Darby Deal
- First showroom to open this month with aim to have 40 by 2024
- Malaysia joins BYD’s growing list of export destinations
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China’s BYD Co. will sell its electric vehicles in Malaysia in a 500 million ringgit ($113 million) tie-up with Sime Darby Motors Sdn Bhd.
Sime Darby will be BYD’s exclusive distributor in Malaysia, with the first showroom to open later this month, the companies said in a statement Thursday. They plan to have 20 dealerships by next year, and 40 by 2024, they said.