BYD, one of the most ambitious Chinese companies, wants to find a place to build a factory in Europe, planning that the first cars will be produced in 2025. Several Chinese car companies have entered Europe, and BYD has the most optimistic plans.
BYD, which officially entered the European market in 2022, and in 2023 “checked” new markets, would like to choose a place for the construction of the plant by the end of the year, writes Automotive News.
Countries such as Germany, France and Spain have the greatest chances of receiving investments. Great Britain has no chance due to the complications of Brexit. It is planned that the first cars will be released by the end of 2025.
In the press, the sources wrote that BYD would like to build a factory from scratch, and not take a factory from another company that is no longer in use.
BYD sells electric models Alto 3 (compact crossover), Tang (large SUV) and Han (D-class sedan) in Europe. A small hatchback named Dolphin will arrive in June, and a sedan named Seal will arrive in September.
Source: Hot News
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