BYD, the world's largest manufacturer of electric vehicles, is planning to open a European factory. Recent reports have indicated that the Chinese are considering making a bid to purchase the Ford facility located in Saarlouis, Germany. According to the company's declarations, the business's primary option is constructing an entirely new plant.
Stella Li, executive vice president of BYD, stated that the company does not concentrate on the assets of individual enterprises. Stella Li said BYD is more interested in constructing its plants than acquiring other companies' factories. Studies of feasibility are currently being carried out to locate the optimal option.
According to Stella Li, BYD plans to build strong sales and dealer networks and service centers in Europe to ensure that consumers continue to trust the brand, even if "there are no target countries for plant development yet".
