福建
By Li Panpan
Chinese automaker BYD will launch its first electric vehicles in Europe in the coming months and hopes to open two factories on the continent, according to Insideevs report.
BYD is eyeing the east and west of the continent, but it may prefer to set up factories in more developed regions where demand for electric vehicles is growing, said Insideevs.
Bloomberg reported that opening a European factory would allow BYD to meet growing demand and avoid hefty EU tariffs on imported products, making its vehicles more competitively priced and helping it gain a larger market share in the region.
BYD already has one factory in Canada and three factories in Brazil. It has become China's largest electric car maker by sales volume. Its EV sales are second only to Tesla in the world. Opening European factories will be part of BYD's broader strategy to become a global leader in the EV industry.
BYD announced this summer that it wanted to start selling its China-made EV models in the largest EV markets like Germany, Norway, the Netherlands, Sweden, and France in Europe before expanding further.
The models it probably will bring to Europe are the seven-seat electric SUV Tang, the stylish electric Han (both starting at 72,000 euros), and the compact electric ATTO 3 (starting at slightly less than 40,000 euros).
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