BYD is negotiating with Stellantis and other automakers to acquire underutilized car factories in Europe. Executive Vice President Stella Li confirmed the discussions include potential deals for manufacturing plants in Italy.
The Chinese electric vehicle giant aims to leverage existing capacity to accelerate its expansion across the continent. This strategy would establish a local manufacturing footprint to reduce logistical complexities and potential tariffs.
BYD intends to operate these facilities independently rather than through joint ventures. The move underscores the company's aggressive global growth strategy.