Chinese BYD aggressively enters Europe, with two production facilities under construction. He is one in Hungary, and the other in Turkey. According to the new report, the Chinese giant soon plans to third, in Germany, in the heart of the European automotive industry.
The Executive Vice President of the BYD, Lee, recently stated in German “cars” that the Chinese manufacturer of electric vehicles think about another factory.
Although she did not offer any other details, a source acquainted with these plans told “Reuters” that Germany is the best option for BYD. Germany is home to Volkswagen, BMW, Mercedes-Benza, Porsche and other renowned manufacturers, which could lead to a great market earthquake.
The final decision has not yet been adopted, but it says that the third factory could be built in the next two years, most likely near Berlin, writes “Electrk”.
BYD wants to expand the business in Europe intensively and connect with local customers. Although Germany would probably be the best location, the high production costs could be a challenge, transmits “autoblog”. Since the EU imposes new customs to import electric vehicles from China, BYD could reduce local production costs.
Meanwhile, China also warned domestic companies not to invest in countries that apply additional customs.
Byd’s factory in Hungary should open in October. The second in Turkey will be released in 2026. years, and both factories are expected to have a common annual production capacity of 500,000 copies.
(Vijesti.ba)
