Reuters
BYD in talks to take over Stellantis and other European factories as capacity crisis runs beyond what Leapmotor alone can absorb
Executive Summary
Summary: BYD is negotiating with Stellantis and other European automakers to acquire underutilized factories in Europe, particularly in Italy, according to Bloomberg News. The Chinese electric-vehicle manufacturer’s Executive Vice President Stella Li stated the company prefers to operate plants independently rather than through joint ventures. BYD’s expansion follows increased EV demand and intensifying competition in China’s automotive market.
Read the original at Reuters
BYD in talks to take over Stellantis and other European factories as capacity crisis runs beyond what Leapmotor alone can absorb
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