News / BYD signs major PCTC cooperation deal with Hyundai Glovis

China’s BYD, the world’s largest electric vehicle maker, has signed an agreement with South Korean pure car and truck carrier (PCTC) and forwarder Hyundai Glovis.

They will cooperate on moving some of Hyundai Motor’s (Glovis’ parent) vehicles on BYD’s controlled PCTC vessel, the 7,000 ceu BYD Explorer.

And, over the mid- to long-term, BYD intends to hire Glovis’s PCTCs to move its new cars, and engage Glovis as a forwarder to ship automobile parts and batteries in containers.

Glovis said in June that ...