BYD mulls new energy vehicle plant in Europe

BEIJING: BYD, the largest new energy vehicle (NEV) maker in China, is considering building a passenger vehicle manufacturing plant in Europe, the latest move by the Shenzhen, Guangdong province-based carmaker to explore international markets as its NEV models gain in popularity overseas.

“We are now assessing the feasibility of building a passenger vehicle plant in Europe, and we are looking for an appropriate location for such a facility,” the Warren Buffett-backed automaker said.

The announcement came amid reports that BYD is in talks with France to establish a manufacturing facility there.

In October, German car rental company Sixt signed a deal to buy 100,000 electric vehicles (EVs) from BYD by 2028. South-East Asia is also serving as a growth market for the carmaker.

BYD’s Atto 3 is the…