BYD is taking a look at three Western European international locations as attainable areas for a automotive plant, in response to numerous media stories.
The fast-growing Chinese language automaker is speaking to the French authorities about constructing a manufacturing facility within the nation, the French newspaper Les Echos reported. However Germany and Spain are different potential areas, in response to Chinese language media stories. The U.Okay. shouldn’t be a contender due to Brexit, the stories mentioned.
BYD Government Vice President Stella Li advised Bloomberg in February that the automaker desires to construct automobiles in Europe and is finishing up feasibility research.
BYD is extra more likely to set up its personal plant than take over a manufacturing facility that’s being closed by a longtime automaker, akin to Ford’s Saarlouis manufacturing facility in Germany.
The corporate plans to find out the placement for the plant earlier than the tip of the yr and goals to start manufacturing in 2025, stories mentioned.