BYD accelerates South Africa expansion with more dealerships planned in 2026 [Yahoo! Finance Canada]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance Canada
MULDERSDRIFT, South Africa, Dec 4 (Reuters) - Chinese automaker BYD will hit its initial target of having about 35 ?dealerships in South Africa by the first quarter of 2026 ?and aims to expand that network to 60 to 70 by the end of ?next year along with growing demand for its electric vehicles. South Africa's market for EVs and hybrids is starting to gain traction as more affordable models launch and charging infrastructure expands, and BYD competes against Volvo, ?Chery and Great Wall ?Motor to capture early adopters. The government has signalled plans to incentivize EV adoption, and analysts expect Chinese brands ?to leverage competitive pricing and growing consumer interest to expand their footprint. Steve Chang, Managing Director of BYD Auto South Africa, said growing demand will allow the ?automaker to reach the target of 35 dealerships sooner than ?the end of 2026 it envisaged in June. "Fortunately, we have moved the timeline to Q1 (first quarter) next year," Chang told
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