BYDDY - BYD Challenges VinFast In Vietnam Aims To Expand Car Dealerships From 13 Locations To 100 By 2026 | Benzinga
BYD Co., Ltd. (OTC:BYDDY) announced on Thursday its strategy to significantly expand its dealership network in Vietnam.
The electric vehicle (EV) company is opening its first set of stores in the country this week. The move steps up the competition against local rival VinFast Auto Ltd. (NASDAQ:VFS).
By Saturday, 13 BYD dealerships will welcome customers in Vietnam. The plan is to increase this number to approximately 100 by 2026, reported Reuters.
The initial three-model product lineup, featuring the compact crossover Atto 3, will expand to six starting in October, the report read, citing Vo Minh ...