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BYD Building Own Europe Factory More Likely Than Taking One Over

  • Carmaker reportedly in talks with Ford about German facility
  • Europe, Asia bigger EV focus for BYD than US, executive says

BYD Co. is exploring setting up its own factory in Europe, a top executive told Bloomberg News, suggesting the Chinese carmaking giant is more likely to establish its own plant than take over one from Ford Motor Co. in Germany.

“We aren’t focusing on certain companies’ facilities,” BYD Executive Vice President Stella Li said in an interview from the company’s new North American headquarters in Pasadena, California. She said the carmaker is more interested in building its own plants rather than acquiring other companies’ factories.