Hyperdrive
Italy Reached Out to BYD About Plans for Car Plant
- Italy seeks another major manufacturer alongside Stellantis
- China’s BYD focused on first European plant in Hungary
Italy has plans to attract a new major carmaker after Stellantis signaled it may move some production to lower-cost countries.
Photographer: Bay Ismoyo/AFP/Getty ImagesThis article is for subscribers only.
BYD Co. has been contacted by the Italian government as part of the country’s efforts to attract a second car manufacturer beyond Fiat maker Stellantis NV.
“We have some contacts to discuss about that,” Michael Shu, managing director of BYD Europe, said in an interview at the Geneva International Motor Show. The Chinese company considered a number of countries for its first European plant, before eventually choosing a site in Hungary.