BYD in Talks to Acquire Idle European Factories

[Global Expansion] BYD is currently in discussions with European automakers, including Stellantis, regarding the acquisition of idle manufacturing facilities.

Core Strategy: BYD Prefers Independent Operation of European Plants

Li Ke, Executive Vice President of BYD, revealed that the company is evaluating multiple idle production sites, including the Cassino plant in Italy, and prioritizes independent operation over joint ventures.

Strategic Rationale: Leveraging Idle European Capacity to Accelerate Overseas Expansion

Amid intensifying price competition in China and rising oil prices driven by Middle East tensions, BYD is accelerating its expansion into the European market. Previously, Stellantis announced that its Spanish factory would produce vehicles for Leapmotor, highlighting European automakers' openness to partnerships with Chinese firms.

Industry Impact: China-Europe EV Collaboration Enters a New Phase

Simultaneously, BYD is actively recruiting talent from competitors on a large scale to strengthen the落地 (local implementation) capabilities of its Denza brand in Europe, further disrupting the local competitive landscape.