Caixin
Sep 22, 2022 04:40 AM
BUSINESS

Car Dealer Pendragon in Talks to Bring Chinese EVs to Britain

BYD strives to expand its business beyond China and become a global brand.
BYD strives to expand its business beyond China and become a global brand.

(Bloomberg) — British auto dealer Pendragon Plc is in advanced discussions with BYD Co. to be its UK launch partner as China’s biggest electric-vehicle maker enters the market later this year.

The move is part of Pendragon’s broader efforts to boost its new car franchise business, the London-based company said in a statement Wednesday, after posting 1.6% first-half revenue growth.

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