BERLIN (Reuters) — China's BYD will buy German distributor Hedin Electric Mobility, BYD and Hedin said on Friday, as BYD moves to establish itself as a major electric car maker in Europe.
BYD Automotive will be responsible for the sales activities of BYD cars and parts in the German market, as well as the management of its stores in Stuttgart and Frankfurt, BYD said, subject to approval and closing in the fourth quarter. .