European Auto Market on the Rise: BYD Eyes Second Plant Amid Record-High New-Vehicle Prices As the European auto market continues to boom, Chinese electric vehicle (EV) manufacturer BYD is planning to expand its presence on the continent. The company is reportedly eyeing a second plant in Europe, following the success of its existing facility in Hungary. The move comes as new-vehicle prices in Europe have reached record highs, driven by a surge in demand for electric and hybrid vehicles, as well as supply chain disruptions and soaring raw material costs. With the European market expected to continue growing, BYD's expansion plans could give the company a significant foothold in the region.
Average new-vehicle price | BYD eyes second Europe plant (Jake Neher) ...
