BYD Looking to Increase their Presence in Thailand via Rever Automotives

The exclusive dealer in Thailand for BYD, the world's largest electric car maker, said it will triple its presence in the country in two years, helping the Chinese manufacturer strengthen its dominant position in overseas markets.

BYD overtook Tesla in the fourth quarter of last year to establish itself as the world's leading electric vehicle maker, and its expansion in Thailand shows BYD's global strength as an electric vehicle seller. , especially in markets where its American competitors are not yet significant. Suppliers' Growth is slowing in our home market, China.

Rever Automotive, the dealer that helped launch BYD in Thailand in late 2022, will add 200 dealers by the end of 2025, expanding its commercial vehicle offering and introducing new passenger car units, CEO Pratarnwong Phornprapha told Reuters.

"By the end of this year, we'll have 200. And the next year, we're planning for another 100," Pratarnwong said.

"I think around 300 for us is a healthy number."

Rever currently has around 100 outlets, establishing BYD as the dominant carmaker in the fast-growing Thai EV market with a 40 percent market share, according to Pratarnwong. BYD sold 3 million passenger vehicles in 2023, with more than 90 percent of those entering the Chinese market, according to data from the China Passenger Car Association. Overseas sales amounted to around 242,000 units.