Rising costs and inflation have been taking a significant toll on the global automotive market, with new-vehicle prices hitting record highs. Amidst this backdrop, Chinese electric vehicle (EV) manufacturer BYD is reportedly considering a major expansion in Europe, with plans to establish its second manufacturing plant on the continent. The move follows the company's successful entry into the European market, where it has been gaining ground with its affordable and eco-friendly vehicles. As BYD continues to push for a larger share of the European EV market, industry insiders are watching closely to see how the company's expansion plans will impact the region's already competitive automotive landscape.
Average new-vehicle price | BYD eyes second Europe plant (Jake Neher) ...
