BYD's European Workforce to Reach 40,000 in 2030

PARIS – BYD, the world's largest maker of electric vehicles, is planning to significantly expand its workforce in Europe. By the end of the decade, the Chinese automotive giant aims to increase its employment in the region to about 40,000 people, according to Stella Li, the executive vice-president who heads the company's overseas business. Li reiterated this commitment in an interview with Bloomberg TV during the Paris Motor Show, stating that BYD's European workforce would be "absolutely over 40,000 in 2030".

The company is set to make over 10,000 new hires initially. BYD's expansion in Europe is part of its strategy to move beyond being a simple exporter and become a major car producer in the region. This growth comes as Chinese exporters face increasing scrutiny from European authorities. To fuel this expansion, BYD plans to recruit from the auto industry and beyond, including workers who may be laid off by European companies.

Recently concluded talks between China and the European Union included curbs on the number of hybrid vehicles that would be imported from China. BYD is currently assessing the implications of these new restrictions, as the company has not yet received sufficient details. In the meantime, BYD is preparing to open its first European factory in Hungary, with mass production set to commence in the fourth quarter.

Following this, the company plans to build its next couple of factories elsewhere in the region, with France and Spain being considered shortlisted locations.