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BYD COMPANY Considering Building 3rd European Factory in Germany: Rumor
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BYD COMPANY (01211.HK) (002594.SZ) is considering building its third factory for Europe in Germany, Reuters quoted insiders as saying. BYD COMPANY tends to build factories in Western Europe to increase brand recognition and win the approval of European consumers.

Building a plant in Germany is BYD COMPANY's preference, but the choice of site is still controversial within the company, with high workforce and energy costs, as well as lower production efficiency and flexibility, the insiders added. The final decision has not yet been finalized.

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