Chinese electric vehicle companies accelerate their expansion into Europe as BYD and Leapmotor discuss acquiring idle factory capacity.

Foreign media: Chinese electric vehicle manufacturers are actively seeking idle factories in Europe to expand their global influence. The world's largest EV maker, BYD, has revealed it is in talks with Stellantis Group, which owns nine European brands including Peugeot and Fiat, aiming to utilize the group's idle assembly plant capacity in Europe to support expansion into markets such as Italy.

Stellantis has also recently deepened its strategic cooperation with China's electric vehicle manufacturer Zeekr, planning to add EV production lines at its former factory in Spain, previously used for manufacturing Opel gasoline-powered vehicles.

Analysts point out that Chinese EV companies' enthusiasm for acquiring overseas assets is surging, and their design and manufacturing capabilities are reshaping the global automotive industry landscape, with emerging Chinese EV makers gradually eroding market shares of traditional internal combustion engine automakers.

Original source: toutiao.com/article/1865316361502731/

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