BYD

Thailand has become the latest in a long line of countries where BYD has announced the entry of its passenger car business in the past month.

Although the move is different from an executive's reduction of a company's stock, it is just as likely to put pressure on BYD's share price performance.

BYD had previously diverted some of its commercial vehicle production line capacity in order to secure production capacity for the DM-i models.

Since deliveries began in July 2020, BYD's flagship Han family of sedans has sold a total of 281,293 units.

BYD sold 4,026 new energy passenger vehicles in July in overseas markets, the first time it has provided this breakdown in its monthly sales report.

BYD ranked No. 436 with $32.8 billion in revenue in 2021, marking its first entry on the list.

The model, known as the Yuan Plus in China, is BYD's first model built for the global market.

BYD has appointed Shlomo Motors as its national dealer in Israel, with the first two showrooms set to open in September.

In October, a number of pioneering stores in Sweden and Germany will be opened, with the first vehicles expected to be delivered in the fourth quarter.

BYD will purchase up to eight LNG dual-fuel PCTCs capable of transporting 7,700 vehicles each, which are expected to be delivered from 2025 onwards, according to the latest media reports.