Susco Beyond, an auxiliary affair of Susco Plc, a prominent Thai oil retailer, persists to diversify. While an integral part of their business still revolves around the oil industry, they seek to mitigate the risks associated with fluctuating oil prices through business diversification. To this end, they have turned their attention to non-oil businesses, an example of which includes their recent endeavours into the sphere of electric vehicles (EVs) under the BYD moniker.
Their business diversification into the EV market space is a joint initiative with Rever Automotive Co, the exclusive distributor of BYD cars manufactured in China. This partnership is designed to take advantage of the burgeoning EV market and is also in response to the encouragement and promotion from the Thai government regarding the use of more sustainable modes of transport.
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