BYD more likely to build own European factory

BYD executive vice-president Stella Li said the carmaker is more interested in building its own plants rather than acquiring other companies’ factories. — Reuters

SHANGHAI: BYD Co is exploring setting up its own factory in Europe, a top executive says, suggesting the Chinese carmaking giant is more likely to establish its own plant than take over one from Ford Motor Co in Germany.

“We aren’t focusing on certain companies’ facilities,” BYD executive vice-president Stella Li said in an interview from the company’s new North American headquarters in Pasadena, California.