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BYD’s 3rd European Factory Site Selection Expected to Be Completed in 7-8 Mths
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Alfredo Altavilla, BYD COMPANY (01211.HK)(002594.SZ) special advisor for Europe, stated at a conference in Milan that the company has just begun the site selection process for its third European factory, with an expected completion within 7-8 months, according to Reuters. Earlier, sources familiar with the matter had disclosed that BYD is considering establishing its third European plant in Germany. However, high labor and energy costs, coupled with lower production efficiency and flexibility, sparked internal debates over the location, and a final decision has yet to be confirmed. AAStocks Financial News |
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