BYD to purchase Hedin Electric Mobility GmbH in Germany
01 September 2024
BYD Automotive GmbH and Hedin Mobility Group have entered into an agreement transferring the distribution activities of BYD vehicles and spare parts in the German market to BYD Automotive GmbH.
BYD Automotive GmbH, as the purchaser, and Hedin Mobility Group, as the seller, have entered into an agreement for the sale of the subsidiary Hedin Electric Mobility GmbH, the appointed Dealer+ of BYD vehicles and spare parts in the German market.
The transaction also includes a business transfer of the two pioneer stores in Stuttgart and Frankfurt which are operated by Hedin Mobility Group’s German retail division.
Following the transaction, Hedin Automotive eMobility GmbH will remain an authorized retailer of BYD in Germany with three sales points in Mannheim, Kaiserslautern and Saarbrücken. Hedin Mobility Group will also continue to act as Dealer+ and retailer in the Swedish market as part of its long term partnership with BYD.
The transaction is subject to regulatory approval and closing is expected to take place in the fourth quarter of 2024.
The first step of a slow but definite step of infiltration in Germany / Europe to subvert the European car market.
Posted by: yoatmon | 01 September 2024 at 03:08 AM
This battery thing is an international mandate purely impossible to admisnistrate. Buy and keep small gas car.
Posted by: Gorr | 01 September 2024 at 09:30 AM
I always say - you make your bed as you lie in it - and that's why I only buy goods that are produced locally because that's real environmental protection!
I'm not interested in BEVs made in China and that's why I don't buy BEVs!!!
ICE cars too, of course, but only used ones that are 20 years old or older because back then most of the parts were still produced in the EU.
With US cars, I first look where the parts come from...
Posted by: Herman | 03 September 2024 at 01:48 AM