BYD in talks with automakers over European factory takeovers
BYD, which has expanded its new energy vehicle exports over the past two years, is considering acquiring factories in Europe from other automakers and has been in talks with several companies, according to sources. An executive in charge of overseas market expansion at BYD revealed in an interview that the company is negotiating not only with Stellantis, but also with other automakers over the potential takeover of a factory. The executive also said BYD is looking for any ava
Chinese electric vehicle manufacturer BYD is reportedly in discussions with multiple automakers regarding the potential acquisition of existing factories in Europe. The company is actively seeking to leverage available production capacity on the continent. BYD's interest stems from its significant growth in new energy vehicle exports, which have consistently surpassed 100,000 units monthly for the past six months. This expansion strategy aims to support its rapidly increasing international sales.
This move could significantly alter the European automotive manufacturing landscape and BYD's competitive position within it.
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