TURIN, Italy, Sept 16 (Reuters) – BYD (002594.SZ), opens new tab will need three vehicle assembly plants and one battery factory in Europe over the longer term to pursue its growth plans and comply with EU regulations, the Chinese automaker’s special adviser for Europe said.
BYD is currently starting production at its first European plant in Hungary and expects to decide by the end of the year on a second manufacturing site, Alfredo Altavilla told a presentation in Turin on Wednesday.
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The company is looking to acquire and refurbish an existing facility rather than build a new plant from scratch, with Spain and France among its preferred locations, he said.
“Over the longer term, we will need three assembly plants and one battery plant,” Altavilla said.
“Obviously, this is not something that will happen overnight. However, it is clear that, to achieve the volume targets we have in mind, while at the same time complying with European regulations, that is what we will need,” he said.
BYD to produce trucks in Europe in bid to become “European company”
