China's BYD to rev up Malaysia EV market

Along with local partner Sime Darby Motors, BYD is set to invest RM500mil over two years to establish a wide network of BYD showrooms. — Bloomberg

KUALA LUMPUR: China-based BYD Auto Industry Co Ltd (BYD) is looking at growing the Malaysian electric vehicles (EV) market as the country adopts the increasingly global EV trend.

With local partner Sime Darby Motors – the automotive arm of Sime Darby Bhd – it is set to invest RM500mil over two years to establish a wide network of BYD showrooms.