BYD to Enter British Market, Discussing with Local Dealer Pendragon
pandaily.substack.com
Chinese EV maker BYD is set to enter the UK later this year, and local car dealer Pendragon on September 21 revealed in its financial results for the first half of 2022 that it has held discussions with BYD on cooperation. Pendragon said the move was designed to boost the company’s new car franchise business. Chief Executive Bill Berman said, “We have delivered these results in the face of challenging trading conditions in our sector due to supply constraints on both new and used vehicles and the impacts of inflationary pressures. We expect the environment to remain challenging in the second half of the year.” Moreover, Berman expected the company to be BYD’s partner in the UK with discussion entering the final stages.
BYD to Enter British Market, Discussing with Local Dealer Pendragon
BYD to Enter British Market, Discussing with…
BYD to Enter British Market, Discussing with Local Dealer Pendragon
Chinese EV maker BYD is set to enter the UK later this year, and local car dealer Pendragon on September 21 revealed in its financial results for the first half of 2022 that it has held discussions with BYD on cooperation. Pendragon said the move was designed to boost the company’s new car franchise business. Chief Executive Bill Berman said, “We have delivered these results in the face of challenging trading conditions in our sector due to supply constraints on both new and used vehicles and the impacts of inflationary pressures. We expect the environment to remain challenging in the second half of the year.” Moreover, Berman expected the company to be BYD’s partner in the UK with discussion entering the final stages.