Philippines’ Ayala Group Takes Over BYD Distributorship

CleanTechnica
By Raymond TribdinoAug 4, 2023, 3:30 pm134 pts
In what appears to be a silent takeover, AC Motors, the automotive subsidiary of the Ayala Corporation, is now the distributor of BYD in the Philippines, fueling speculations among the business community about the conglomerate’s completion of its full EV ecosystem. A well-placed insider at AC Motors told…

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