BYD is preparing a major deal in Europe: it wants to buy another car plant

Chinese automaker BYD is preparing to acquire its second car plant in Europe to accelerate local production and strengthen its position in the European market.

According to Reuters, the company is considering the purchase of an existing plant owned by one of the European automakers. Spain and France are cited as the main contenders for the investment. A final decision is expected in the near future.

BYD’s first European plant is already under construction in Hungary, with mass production scheduled to begin in the fourth quarter of 2026.

Sales of the Chinese brand in Europe are growing rapidly: in 2025, they increased by 270%—to nearly 188,000 vehicles—and in the first five months of 2026, the company has already sold over 100,000 vehicles.

Source: Reuters.

Ferrari and BMW are switching to cheaper aluminum wiring.

Volkswagen is being offered the opportunity to manufacture cars designed in China in Germany — Reuters.