BYD faces China price war fallout, while Chery goes public in HK

News

By Kapila Bandara

China’s Chery Automobile, which offers the mass market Chery vehicles in Sri Lanka and elsewhere and which is exiting Russia due to sanctions, is going public in Hong Kong, while Hong Kong-listed Chinese new energy vehicle producer BYD Company and its Sri Lankan distributor are continuing to wrestle in court with Sri Lanka Customs.

John Keells CG Auto had sought court redress after a consignment of BYD electric vehicles and plug-in hybrids was detained, and on August 7 the Court of Appeal ordered the release of 991 of 997 vehicles. Later, other BYDs were detained, and early this month the CA ordered the release of 506 cars.

Read more at today's Sunday Times edition here.

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

September 17, 2025

- 200 - 0

President says CEB employees would have to make a choice in next two months

President Anura Kumara Dissanayake today warned that Ceylon Electricity Board Employees would have to make a choice in the next two months.

September 20, 2025

- 189 - 0

Heavy damages caused to shops in Pettah due to fire

Several shops were damaged in a major fire that broke out in a shop on the third floor of a building at First Cross Street in Pettah, Colombo, today evening.