BYD invests $40 million in 4S dealership group, further strengthening its global presence

BYD has invested $40 million to acquire a 10% stake in iCarGroup, a new energy vehicle brand under Harmony Auto. This move is seen as a key part of the new energy leader's comprehensive channel strategy as it navigates globalization. This investment marks BYD's transition from "business cooperation" to "capital synergy." This not only strengthens BYD's channel network but also leverages Harmony Auto's experience in luxury car distribution to quickly adapt to service standards and consumer habits in overseas markets. Furthermore, this investment creates a deep bond between brand, resources, and standards, providing strong support for BYD's global expansion.