China’s BYD says eyeing France for new auto plant
AgenciesChinese electric vehicle maker BYD is considering France for one of two new factories in Europe, which has charged tariffs on Chinese EV imports since 2024 to try to protec...
Chinese electric vehicle manufacturer BYD is reportedly eyeing France as a potential location for one of its two new factories in Europe, amid tariffs imposed by the EU on Chinese EV imports since 2024. Stella Li, BYD's vice president, revealed to French broadcaster BFM television that the company is closely studying the possibility of establishing a factory in France as part of its plans for a second and third European production sites, following the opening of a Hungarian facility by the end of the year.
The EU has recently agreed to limit Chinese hybrid vehicle exports to 350,000 units per year, down from the current level, to prevent a trade deficit. The cap will be in place for four years, with a 6% annual increase thereafter. BYD's vice president expressed her commitment to Europe, stating that she aims for French consumers to view BYD as a French company.
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