Industry News2023-02-07

BYD is rumored to be planning to build a factory in Europe

Summary: According to Taiwanese media reports on February 7, it was previously reported that BYD plans to build a factory in Europe and may acquire Ford Motor's factory in Germany. However, according to the l...


According to Taiwanese media reports on February 7, it was previously reported that BYD plans to build a factory in Europe and may acquire Ford Motor's factory in Germany. However, according to the latest disclosure by BYD Executive Vice President Li Ke, BYD will seek to establish a factory in Europe. own factories and will not consider acquiring facilities from other companies.


In an exclusive interview with Bloomberg, Li Ke emphasized that BYD is actively evaluating its future entry into European car factories and the establishment of factories. feasibility, including the best solution for setting up a factory, etc. Although the country or region for setting up a factory has not yet been selected, the company hopes to create a solid network of sales, dealers and service centers to strengthen European consumers' awareness of the company's brand Confidence.


Previously, it was reported that Ford has started negotiations with 15 potential buyers for the Saarlouis plant in Germany, including BYD Including.


According to BYD’s announcement, the company’s cumulative sales in 2022 were 1,863,494 vehicles, a year-on-year increase of 208.64%.

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