A top official from China-based BYD Auto Industry Co. Ltd has expressed that the company is open to discussions about setting up an assembly plant in Sri Lanka, contingent on future market demand. “As of now, we don’t have such a plan, but of course, based on market demand, we are open to discuss this,”
Sri Lanka’s John Keells Holdings (JKH) has partnered with Nepal’s Chaudhary Group (CG Corp) to introduce BYD electric vehicles (EVs) to the region, anticipating a shift away from internal combustion engines. JKH Chairman Krishan Balendra stated that the group saw a compelling opportunity in the electric vehicle market, predicting a significant switch from petrol to
In a significant development for Sri Lanka’s tourism sector, the Sri Lanka Tourism Development Authority has granted the first 10 approvals for travel and tourism companies to import electric and hybrid vehicles. The approvals were handed out by Tourism Minister Harin Fernando during a recent event. The approved firms include: On April 1, the Cabinet