BYD Company Ltd. is negotiating with Stellantis NV and other European automakers to acquire underutilized car factories. These discussions aim to leverage existing infrastructure to increase regional production capacity.
Local manufacturing would allow the Chinese electric vehicle manufacturer to reduce logistical costs and bypass import tariffs. This strategy supports BYD’s 2026 sales targets, which rely on significant growth in overseas markets.
Securing European manufacturing bases aims to solidify the company's position as a leading global EV player. Reports have not detailed specific market reactions to the ongoing negotiations.