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Chery International is hoping to further its success story in the UK with the introduction of the Lepas brand – its fourth.
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Apparent cessation of Middle East hostilities welcomed in the region.
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If completed, the acquisition would provide BYD with a second European assembly location after Hungary, where production is scheduled to begin in the fourth quarter.
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Both domestic and overseas production fell sharply.
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The arrangement also extends beyond current supply commitments, with GM and Micron continuing joint work on the memory and storage technologies.
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According to a report from Nikkei Asia, the decision has been widely attributed to Kenta Kon, who took over as Toyota's president in April.
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The acquired unit will become part of Amaneos' subsidiary Light Mobility Solutions (LMS).
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The French automotive supplier said the agreement covers hardware and embedded software.
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JBIC says it is supporting Japanese companies in expanding their overseas business to the US market in the commercial vehicle sector.
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Silver Star is the official Distributor of Mercedes-Benz passenger vehicles and Daimler Trucks and Buses in Bulgaria.
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