BYD considering a second factory in France or Spain
From the translated Elektromobilni.pl article:
BYD is getting closer to opening a second car factory in Europe. According to Reuters, the company is considering acquiring an existing plant, a so-called brownfield investment. This would allow for a faster start to production than building a factory from scratch. Spain and France are among the locations being considered.
This is important because BYD already has one European factory under construction. The plant in Szeged, Hungary, is scheduled to begin production in the fourth quarter of 2026 and will be BYD's first passenger car factory in Europe. According to current information, one of the first models to be produced locally will be the compact Dolphin Surf.
Why are the Chinese rushing to build factories? There are two reasons: customs duties and upcoming regulations. The first element is simple. Electric cars imported from China are subject to additional customs duties in the European Union, which can reach tens of percent for individual manufacturers. Local production allows us to mitigate this problem and sell the cars as manufactured in Europe.
The second reason is more strategic. The European Union is working on regulations known as the Industrial Accelerator Act. Their goal is to protect the European industrial base and support the production of low-emission technologies in Europe. According to industry reports, the new rules may introduce additional conditions for foreign investment and requirements for local production and components.
Therefore, Chinese manufacturers want to establish themselves in Europe as quickly as possible. Taking over an existing plant can be easier, cheaper, and faster than building a new factory, and it also allows for the utilization of existing staff, infrastructure, and supply chain.
The full article has additional details and info.