Electric vehicle (EV) giant BYD is reportedly set to take control of a European manufacturing plant owned by Stellantis, the parent company of Fiat and Peugeot, in a bid to meet surging demand for eco-friendly vehicles. As the EU's push for sustainable transportation gains momentum, BYD is capitalizing on the opportunity to expand its presence in the region. Sources close to the deal confirm that the Chinese automaker is not the only company eyeing the acquisition, with multiple suitors vying for control of the prized facility. The takeover would mark a significant milestone in BYD's global expansion, as the company seeks to solidify its position as a leading player in the EV market.
BYD eyes Stellantis EU plant takeover as EV demand spikes, confirms ‘other companies too’ Moomoo
