Chinese electric vehicle (EV) giant BYD is reportedly eyeing a takeover of an existing factory in Europe to establish its second manufacturing plant on the continent. According to a senior executive, the move would enable the company to expand its production capacity and meet growing demand for its EVs in the region. BYD has been aggressively expanding its global footprint, with a focus on the European market where EV adoption is on the rise. The acquisition of an existing factory would not only allow BYD to tap into a skilled workforce and established supply chains but also reduce the time and costs associated with building a new facility from scratch.
BYD looking to take over existing factory for second European EV plant, executive says Reuters
