- BYD Co, Ltd (OTC:BYDDY) plans to produce electric vehicles in Vietnam with the government’s backing.
- On May 5, the Chinese EV maker’s Chairman and founder, Wang Chuanfu met with Vietnam’s Deputy Premier Tran Hong Ha to discuss the course of action, reported Bloomberg.
- Wang expects the Southeast Asian nation to pave the way for easy completion of investment procedures so that BYD can begin making EVs as soon as possible.
- Also Read: Tesla Reportedly Taps BYD Batteries To Power Model Y EVs In Germany
- The company plans to form a local supply chain, and the EVs made will be sold locally and in other parts of Southeast Asia.
- BYD sold 210,295 vehicles in April, about two times the number from last year, with most of its sales coming from China.
- The EV maker is building its first overseas production facility in Thailand.
- Also Read: Warren Buffett-Backed BYD’s Latest Hatchback EV Is Cheaper Than A Comparable Gas-Powered Car
- Price Action: BYDDY shares closed higher by 0.33% at $60.40 on Friday.
Omniq’s Q Shield AI-Based Safe City System, To Be Deployed In Two Additional Cities In Iowa Bringing The Total Number Of Cities To 16
OMNIQ Corp. (NASDAQ:OMQS) ("OMNIQ" or "the Company"), a provider of Artificial Intelligence (AI)-based solutions, today announced that the Company has been selected by the Cities of
