Runner Automobiles PLC has confirmed that while it has signed a Master Supply and Manufacturing Agreement (MSMA) with Chinese electric vehicle maker BYD, the full investment size and financial implications are yet to be determined.
The company shared the update in response to an inquiry from the Dhaka Stock Exchange, which informed investors on Sunday, March 29.
Framework deal, details still pending
Runner Automobiles’ board approved the MSMA at a BYD conference in Shenzhen, China, on March 20, 2025. The agreement sets a framework for producing vehicles using the CKD (Completely Knocked Down) method, but the company emphasised that key aspects – including investment feasibility, implementation timeline, and projected financial results – are still under evaluation.
Separate Technical License Agreements (TLAs) will be signed for each vehicle model, outlining commercial, operational, and financial specifics. Runner noted that BYD still needs to complete certain legal formalities, expected to take another five to six working days.
Next steps for investors
Once the agreements are fully signed, Runner will provide the final documents to the Dhaka Stock Exchange. Board approvals from both Runner and BYD will be required before finalising investment size, financial impact, and other critical project details.
The company assured investors that all relevant information would be disclosed once approvals are in place.
The deal marks a major step in Runner’s move into electric vehicle production, but for now, analysts and investors are watching closely as the financial picture continues to take shape.