Business · Companies · 9 hrs ago

BYD considers France for a new car factory

BYD considers France for a new car factory

Chinese carmaker BYD is considering building a factory in France.

The country is on a shortlist for a new production site, company vice-chair Stella Li said in Paris.

BYD plans to open a factory in Hungary later this year and wants to build two more plants in Europe.

The plans come amid trade tensions between China and the European Union.

China recently agreed to limit its exports of hybrid vehicles to the EU, but Li said BYD did not yet know the details of that agreement.

She said the company would continue its long-term plans to invest heavily in Europe, including in research and development jobs.

BYD has not announced a final decision on a French factory.

Sources

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