BYD Factory in Europe: UK Excluded, France In Consideration

Date:

BYD’s European project is now clearly oriented towards the construction of a new factory. The United Kingdom now appears clearly excluded, while France remains in the list of opportunities.

BYD intends to play a leading role in the European market in the medium term. A representation and volumes that lead him to foresee an industrial presence on our continent. Even if the option of buying the Ford plant in Saarlouis in Germany, promised to be closed, remains officially considered, the Chinese manufacturer seems to prioritize the installation of a completely new site. What to whet the appetite of the different countries of the region.

One thing is now clear, it will not be the UK. The country’s economic situation does not reassure Chinese investors about such a long-term investment. A new setback for the British automotive industry, whose production is at an all-time low. In 2022, production was thus established at the same level as in 1956 with 775,014 cars… And other bad news could come.

France, Germany, Spain, Poland and Hungary are on the other hand today on the list of “finalists” selected by BYD. Undoubtedly, intense negotiations will be on the agenda to attract an investment which will amount to hundreds of millions or even billions of euros and the thousands of direct jobs linked. The site could thus assemble several product lines (Atto3, Dolphin, Seagull, Seal, etc.) as well as their batteries.

This article is originally published on automobile-propre.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Electric Scooter XElectric Scooter X

Popular

More like this
Related

CAC 40 and SBF 120: Gender diversity continues to progress in management bodies ​

According to the new IFA/Ethics & Boards barometer, CAC...

Belgian branch of The Body Shop declared bankrupt

The Belgian branch of the British cosmetics chain The...

Prince William back on the field, two days after giving up a mass in Windsor ​

Two days after canceling his appearance at the memorial...

Fire in an upscale London neighborhood

Eleven people were hospitalized and some 130 evacuated due...