BYD Plans Second Assembly Plant in Europe

LONDON/BUDAPEST – Chinese electric car manufacturer BYD is considering the establishment of a second assembly plant in Europe, as announced by Michael Shu, the company’s European Managing Director, at an event in London.

This announcement comes as part of BYD’s ambitious plan to become a leading provider of electric vehicles in Europe by the end of the decade. The company’s first electric car factory in Europe, located in Hungary, is expected to produce up to 200,000 vehicles annually. However, the location of the second site remains uncertain.

Shu stated that the second assembly plant would be considered in 2025. This move is seen as a significant step in BYD’s expansion plan in the European market. The decision to establish a second plant is expected to make BYD’s goal of becoming a leading EV maker in Europe more achievable.

In addition to the plans for a second assembly plant, Shu also announced the introduction of the Seagull model to the European market. The Seagull, known as the Dolphin Mini in some markets, is BYD’s entry-level electric vehicle. The European version of the Seagull is expected to be available for less than €20,000 making it a highly competitive option in the electric vehicle market.

The Seagull model, which is expected to arrive in Europe in 2025, will be an updated version of the car currently available in China. The vehicle is known for its quality finish, equipment, and performance. It is sold with 30.08 kWh and 38.88 kWh battery packs and is driven by a single electric motor with 74 hp.

BYD’s plans reflect the company’s commitment to sustainable transportation and its ambition to play a significant role in the global shift towards electric vehicles. (zai)