BYD continues to grow not only in China but also outside of this country. As we know, for example, the builder has an ambitious expansion plan in the Old Continent. Just recently, the automaker has announced the entry into many new European countries such as Sweden, Denmark, Holland, Belgium, Luxembourg and Germany, after the previous debut in Norway. Markets in which it offers the ACT 3, HAN and TANG models.
Apparently, BYD is also thinking of getting to build factoriesof electric cars right in the Old Continent.
We will verify the possibility; to build local factories in Europe based on our business progress.
Therefore, if BYD will be able to to carve out a space in the European car market, there is; the possibility; that he can then get to produce his cars directly in one of the countries of the Old Continent. At the moment there are still no precise details and we do not know the places chosen for the possible construction of its factories in Europe and the possible dates. To gain a place in the European car market, the work to be done is however a lot, because, as analyst Eric Han points out, BYD needs to convince customers outside of China that it is a world-class brand.
BYD needs to convince drivers outside of China that it's a good idea. a world-class automaker. Without a sizeable volume of overseas sales, it's not a good idea. a strong international player.
After all, the landing in Europe, at least as a car manufacturer, was a major challenge. recent. In any case, it seems that BYD has clear ideas about its expansion plans in the Old Continent.
ALSO AIMS AT THE USA
However, the Chinese manufacturer isn't targeting only Europe . In fact, BYD is the best choice for you. also interested in the USA. In this case, however, it would be a battery factory. At the moment, the manufacturer does not intend to sell electric cars in this market. This new accumulator factory could benefit from the incentives provided by the Inflation Reduction Act which are attracting many companies in the automotive sector to invest in this country.
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