BYD explores potential acquisition of factories in Italy and other European countries

*This content was translated by AI.

BYD is reportedly in negotiations to acquire factories in Europe, including with Stellantis. This follows news of Volkswagen's acquisition of its Dresden plant and new investment plans, marking another round of potential acquisition talks.

According to Bloomberg on the 18th, Stella Li, Vice President of BYD, confirmed that BYD is in negotiations with Stellantis. Li added that BYD is also discussing the acquisition of factories that are either idle or underutilized with other European automakers.

BYD, the world's largest electric vehicle seller, is currently in discussions regarding potential acquisition deals, with countries such as Italy being mentioned as target locations. When asked whether BYD had visited Stellantis's low-utilization plant in Cassino, located in central Italy, Li responded that the company has toured "numerous factories" across Europe.

Italy is emerging as a strong candidate for BYD's European factory site, with long-term prospects also highlighting countries with lower electricity costs, such as France, as attractive options. Regarding negotiation partners, Li stated, "We are in talks not only with Stellantis but also with other companies. We aim to actively utilize available factories within Europe."

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*This content was translated by AI.