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

In January, BYD said it expected its 2022 net profit to be more than five times the amount it booked a year earlier. Photo: BYD

Chinese electric vehicle-maker BYD is in talks with US auto giant Ford Motor to purchase its factory in Saarlouis, Germany, the Wall Street Journal reported.

Representatives from Ford’s German management are scheduled to visit China in the upcoming week to examine the possibility of selling the facility, but the negotiations may not necessarily succeed, the report added.

Read the full report: The Wall Street Journal.

China Decoupling Will Cost Jobs: Germany Finance Minister

Asian Battery Giants, German Auto Kings the New EV Powers

China’s CATL to Help Tap Into Bolivia’s Lithium Riches

US Governor Damns Ford-CATL EV Battery Plant as ‘CCP Front’ – AP

Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has been working as a digital journalist since 2013, and is an experienced writer and multimedia producer. As an eager stock market trader and investor, she is keenly interested in economy, emerging markets and the intersections of finance and society. You can tweet to her @saxenavishakha