According to Bloomberg, BYD executive vice president Li Ke said in an interview, BYD in Europe to build electric car factory matters in the plan, and is due diligence.
At the end of September, BYD announced that it will launch three new energy models, Han, Tang, and Yuan PLUS, for the European market, and start multi-country delivery in Europe, and plans to further develop the French and British markets before the end of the year.
Up to now, BYD passenger vehicles have successively entered Norway, the Netherlands, Sweden, Germany, France, Australia, Israel, Japan, Thailand, Malaysia, India, Brazil, Mexico and other global markets.
In September, BYD announced that it will build its first overseas passenger car factory in Thailand, with a planned annual production capacity of 150,000 vehicles, which is expected to be officially put into production in 2024. Previously, Wang Chuanfu revealed at the above-mentioned event that BYD will also start localized production in Brazil.
With the vigorous development of new energy vehicles, more and more new energy car companies have listed Europe as their overseas target. It is reported that the market environment established by European countries is favorable for new energy vehicles, and there is no obvious protection for domestic enterprises. For example, tariffs and value-added taxes are reduced or exempted for consumers who purchase new energy vehicles, which can save 80,000 to 100,000 yuan compared with fuel vehicles of the same level. In addition, new energy vehicles can also save at least 50% of tolls and enjoy preferential road rights.