Eagers Takes Full Control of BYD
Eagers Takes Full Control of BYD Retail Network: What It Means for Dealers, Businesses and Consumers Australia’s largest automotive retailer has tightened its grip on one of the country’s fastest-growing vehicle brands, with Eagers Automotive agreeing to acquire the remaining 20% stake in its EV Dealer Group joint venture, giving it 100% ownership of BYD’s retail operations in Australia. The move follows Eagers increasing its ownership from 49% to 80% in 2023 and represents another major step in the evolution of the Chinese EV giant’s Australian presence. Importantly, the acquisition relates to BYD’s retail network rather than national vehicle distribution,
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