Chinese EV maker BYD to buy German car distributor Hedin Electric

Chinese EV maker BYD to buy German car distributor Hedin Electric

FILE PHOTO: A general view of BYD's first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market, in Rayong, Thailand, July 4, 2024. REUTERS/Chalinee Thirasupa/File Photo

China’s BYD will buy its German distributor Hedin Electric Mobility, BYD and Hedin said on Friday, as BYD moves to establish itself as a major electric vehicle maker in Europe.