BYD mulls new energy vehicle plant in Europe

Popular choice: The Atto 3 electric SUV made by Chinese carmaker BYD. The model is the best-selling electric vehicle in Thailand, with over 5,500 delivered in the first quarter of this year. — Reuters

BEIJING: BYD, the largest new energy vehicle (NEV) maker in China, is considering building a passenger vehicle manufacturing plant in Europe, the latest move by the Shenzhen, Guangdong province-based carmaker to explore international markets as its NEV models gain in popularity overseas.

“We are now assessing the feasibility of building a passenger vehicle plant in Europe, and we are looking for an appropriate location for such a facility,” the Warren Buffett-backed automaker said.