TechBYD plans to expand European production to sidestep EU trade restrictions
Korea JoongAng Daily reports that the Chinese electric-vehicle maker aims to become a “European company” by expanding local manufacturing.
TLDR
BYD is expanding local production in Europe as it seeks a stronger foothold in the region and a way around EU trade restrictions on Chinese-made vehicles, Korea JoongAng Daily reports. The outlet describes the ambition as becoming a “European company.”
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BYD plans to expand European production to sidestep EU trade restrictions
Korea JoongAng Daily reports that the Chinese electric-vehicle maker aims to become a “European company” by expanding local manufacturing.
TLDR
BYD is expanding local production in Europe as it seeks a stronger foothold in the region and a way around EU trade restrictions on Chinese-made vehicles, Korea JoongAng Daily reports. The outlet describes the ambition as becoming a “European company.”