Market Chatter: BYD Looking to Build New Plant in Europe

MT Newswires Live

Mar 04, 2025

BYD (HKG:1211, SHE:002594) is looking to construct a new plant in Europe and will decide in one and a half to two years to proceed, Reuters reported Monday, citing an interview by German publication Automobilwoch with executive vice president Stella Li.

However, a spokesperson for the electric vehicle manufacturer told the news agency that the idea was purely speuculative.

BYD is already constructing a factory in Hungary and another in Turkey. Both plants will have manufacturing capacity for 500,000 cars annually, Reuters said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Both plants will have manufacturing capacity for 500,000 cars annually, Reuters said.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0211977185.USD","symbol_name":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2516615854","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516615854","pubTimestamp":1741060042,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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