China's BYD inks deal with Ayala to sell EVs in the Philippines

China's BYD inks deal with Ayala to sell EVs in the Philippines

BYD, China's biggest carmaker by market valuation, is looking to list its chipmaking arm in Shenzhen. © Getty Images

Philippine conglomerate Ayala Corp. has entered into an agreement to sell Chinese automaker BYD’s electric vehicles in its home market, as it seeks to expand the country’s nascent EV market.

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