BYD takes different route from Tesla by partnering for regional expansion, looking at plug-in hybrids
Add BT as a preferred source
IN ITS South-east Asia push, China electric vehicle (EV) giant BYD is taking the opposite approach from its biggest rival Tesla, signing many franchise dealers in contrast to Tesla’s direct-sales model.
Liu Xueliang, general manager for Asia-Pacific sales for BYD Auto, said in an interview with The Business Times: “We choose dealers because with electric cars, there are still many consumers who are sceptical about the product itself. “Through dealers, we still want to be able to reassure customers face to face,” he said in Mandarin.
As it scales up in the region, BYD may also offer not just EVs, but plug-in hybrids (PHEVs) as well, although these vehicles are pricier than conventional petrol-electric hybrids and thus have not sold as widely.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands
