BYD: will the Chinese manufacturer build its electric cars in Europe?

After China, BYD wants to conquer the European market.

For this, the Chinese company could soon build its own factory in Europe.

BYD wants its own factories in Europe

At the end of last year, the Chinese manufacturer BYD (for Build Your Dreams) took advantage of the Paris Motor Show to formalize the arrival in Europe of its Seal. A 100% electric sedan, with the false air of Tesla Model 3, and displayed at just over 30,000 dollars in its native land.

In the course of 2022, BYD sold just over 1.85 million vehicles, and in China, the manufacturer is very clearly ahead of a certain Tesla. Obviously, the Chinese manufacturer now has serious international ambitions, and this could include the installation of a new factory… in Europe.

Towards a BYD factory in France?

This is indeed what a BYD executive told the media. Bloomberg. The Chinese group could thus better manage the production of its vehicles intended for the European market, the latter targeting France, but also Germany, Sweden, Norway, the Netherlands and the United Kingdom. It remains to be seen which country will be able to curry favor with BYD.

In addition to vehicles, BYD also manages the manufacture of batteries and semiconductors, with, again, a desire to expand its activities outside of China. According to BYD President Stella Li: We do not focus on existing business installations. We carry out feasibility studies to determine our plans for the future. For example, if we settle in this region, what is the best solution? “.

The Chinese firm believes that China and Europe will, in the short term, largely dominate the electric car market, far ahead of the United States and Europe.Inflation Reduction Acta law put in place by Joe Biden, aimed (among other things) to limit the country’s dependence on Chinese products.

An initiative that is not going to help the United States compete in the race for electric vehicles or even help Americans take advantage of ” the best technology, the most innovative according to Stella Li. We have been warned.

Source : Electrek