China's BYD studying plans for factory in France, executive tells BFM
China's BYD studying plans for factory in France, executive tells BFM By Dominique Patton
PARIS, Oct 12 (Reuters) - Chinese electric vehicle giant BYD 002594.SZ is closely studying the possibility of setting up a factory in France, its executive vice president Stella Li told local TV station BFM on Monday, as the group pushes for further expansion in Europe.
BYD has already announced it will produce cars in Hungary, with the launch expected in the fourth quarter
It is aiming to build two more plants in Europe, Li told BFM Business in an interview on the sidelines of the Paris auto show, adding that France could be a possible location
"France is on the shortlist because your energy is very competitively priced," Li said, according to the report, adding that the group is "closely examining" options for a plant in the country.
Chinese automakers are scouring Europe for production sites ahead of expected EU local content rules designed to protect the region's industry from a surge in exports from China
(Reporting by Dominique Patton; editing by Kirsten Donovan)
((dominique.patton@thomsonreuters.com))
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