BYD plans to build four factories in Europe

BYD Company Limited plans to build four factories in Europe over the long term. BYD aims to meet the increasingly implemented local manufacturing regulations and attract more consumers. On Wednesday evening, Alfredo Altavilla, a former Fiat Chrysler executive and current advisor to BYD’s European business, revealed at an event in Turin that the company plans to build three vehicle assembly factories and one electric vehicle battery factory in Europe. Altavilla stated, "This will not happen in the short term, but it is clear that if we want to achieve our sales targets and comply with EU regulatory requirements, we must do this." BYD is negotiating with local European car companies and governments, considering acquiring underutilized idle factories in countries such as France, Spain, and Italy.