China's BYD says eyeing France for new auto plant
Summary
BYD is considering France for one of two new European factories as the Chinese EV maker expands its footprint on the continent. The company says it wants a long-term commitment to Europe despite tariffs and trade tensions with the EU.
Key Points
- BYD is considering France as a location for one of two new factories in Europe.
- Vice president Stella Li said the company is studying the possibility of building a plant in France and plans to expand its European manufacturing network.
- The move comes as the EU keeps tariffs and import limits on Chinese EVs and hybrid vehicles to protect local automakers.
- BYD says it has a long-term commitment to Europe and wants to invest heavily in the region.
