Rever Leasing, a vehicle finance subsidiary of Rever Automotive Co, the exclusive distributor for BYD electric vehicles (EVs) in Thailand, is set to launch operations next month. The firm has set a high target to become the top electric vehicle loan provider in Thailand within the next few years.
Isara Wongrung, the CEO of Rever Leasing, expressed confidence in the firm’s ability to achieve this goal, owing to its unique position as the only EV-specific leasing company in the Thai market.
Isara also shared his projections for Thailand’s new car sales to remain steady at 780,000 units in 2024, mirroring the previous year’s figures. This projection aligns with the nation’s slow economic recovery and its anticipated GDP growth of 3% this year.
Isara attributed the dampened economic activities and the reduced consumer purchasing power to…
