BYD Won't Consider UK for Europe EV Plant Due to Brexit

Chinese electric vehicle (EV) maker BYD said the United Kingdom was not even on its list of top ten possible destinations for the automaker’s first European car plant due to Brexit, the Financial Times reported.

BYD’s Europe president Michael Shu told the FT the company doesn’t “understand what happened” to the UK after its decision to exit from the European Union. He said the carmaker was looking for a “stable” country as setting up a plant “is a decision for decades”.

Read the full story: Financial Times

BYD Sees Profits Supercharged as EV Sales Surge in 2022

BYD to Build $1.2 Billion EV Battery Plant in Zhengzhou

China’s BYD Launches Its Charge For The Top in Japan

China’s BYD in Talks to Buy Ford Motor Plant in Germany – WSJ

Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at [email protected]