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'BYD contacted by Italian government to produce cars' - Industry and Analysis

2024-02-27T07:33:56.974Z

Highlights: 'BYD contacted by Italian government to produce cars' - Industry and Analysis. BYD was approached by the Italian government as part of the country's efforts to attract a second car maker beyond Stellantis. “We have some contacts to discuss it,” Michael Shu, CEO of BYD Europe, said in a Bloomberg interview at the Geneva International Motor Show. The need for a second European plant "depends on our sales: we are making excellent progress now," Shu added.


BYD was approached by the Italian government as part of the country's efforts to attract a second car maker beyond Stellantis. (HANDLE)


BYD was approached by the Italian government as part of the country's efforts to attract a second car maker beyond Stellantis.

“We have some contacts to discuss it,” Michael Shu, CEO of BYD Europe, said in a Bloomberg interview at the Geneva International Motor Show.


   The need for a second European plant "depends on our sales: we are making excellent progress now," Shu added.

BYD, which overtook Tesla as the world's largest electric vehicle maker in 2023, confirmed plans in December to build a factory in Hungary.


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