‘‘SL economic climate conducive for investment”
Despite the volatile economic conditions that prevailed two years ago and the on coming elections the investment climate still conducive and this is the reason why they went ahead in launching the BYD range of tour motor vehicles models in Sri Lanka said, BYD Auto Industry Co. Ltd. General Manager Auto Sales Division (Asia- Pacific), Liu Xueliang yesterday.
CG Corp Global Managing Director Nirvana Kumar Chaudhary endorsed this and said they invested in Sri Lanka’s leisure sector 17 years ago when bombs were exploding in the country. “Similarly we invested in Union Bank during the height of the economic crisis .CG Corp Global is happy to support Sri Lanka’s journey towards sustainable development. The introduction of BYD’s advanced New Energy Vehicles (NEVs) will play a crucial role in achieving our environmental goals.”
John Keells CG Auto, the authourised distributor for BYD passenger vehicles in Sri Lanka also opened the doors of the BYD showroom and the service center in Colombo yesterday at Union Place, Colombo 02.
“We hope the introduction of these products will help towards supporting Sri Lanka with the adoption of a sustainable transport ecosystem,” said Liu.
“Over the past 27 years, we have worked on perfecting every aspect of creating a sustainable transport eco system across different regions. Our expertise and experience in technologies ranging from batteries, electric motors, electronic control systems and automotive grade chips have made us the global leader in NEVs.We are delighted to funnel this knowledge and expertise to Sri Lanka and support the nation in creating a sustainable transportation industry.”
John Keells Holdings Chairperson Krishan Balendra said: “Our partnership with BYD in November 2023 marked a significant milestone for the John Keells Group and Sri Lanka’s automotive landscape.”
He said they will also install fast charging stations at most of their Keells supermarkets as well as in their Cinnamon hotels.
“We are very careful when diversifying to unknown sectors but in this EV sector we saw huge opportunities for us in Sri Lanka. This collaboration also aligns with our commitment to sustainability and innovation, offering a transformative shift towards cleaner, more efficient transportation solutions.”
“By introducing BYD’s advanced new energy vehicles to Sri Lanka, we are not only expanding our portfolio but also supporting the country’s broader environmental goals. We are also dedicated to fostering a robust ecosystem for new energy vehicles which includes establishing a comprehensive charging infrastructure, developing a state-of-the-art service center, ensuring a steady supply chain, and providing careers for skilled technicians to support this transition.”
Notably, the service center has been fitted out with unique BYD tools such as the Vehicle Diagnostic System (VDS), radar calibration system, and battery testing equipment which ensure precise maintenance.
BYD is a multinational high-tech company with over 30 industrial parks in China, the United States, Canada, Japan, Brazil, Hungary, and India. From energy generation and storage to its applications, BYD’s new energy vehicle footprint now covers 6 continents, over 70 countries and regions, and more than 400 cities
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