BYD, already Australia’s second-biggest seller of electric cars, is about to benefit from a greatly expanded retail footprint as its rollout of new sedans, hatches, SUVs and utes gains pace.
Australian publicly listed car dealer giant Eagers Automotive Ltd announced today that it had plowed an additional $70 million into a retail joint-venture to sell BYDs both online and in stores.
The investment – $50m cash and $20m in Eagers ASX stock – was in return for a further 31…
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