Industry dynamics

BYD looking to build passenger car plant in Europe

Publishtime:1970-01-01 08:00:00 Views:16

BYD could build up to two passenger car plants in Europe, an executive said, also confirming that the company is buying its own ships to export cars.

In addition, Li also confirmed in the interview that BYD is buying its own ships to export cars.

"The size of BYD, when we go to any shipping companies, their service cannot really 100 percent satisfy us," she said.

In late July, maritime information service platform Xinde Marine News quoted Lloyd's List as saying BYD would buy six, and up to eight, LNG dual-fuel PCTCs capable of transporting 7,700 vehicles, which they expect to deliver from 2025 onwards.

On October 29, local Chinese media Caixin cited multiple sources as saying that a BYD affiliate will order eight roll-on/roll-off vessels capable of carrying 7,700 vehicles at a shipyard in Yantai, Shandong province, at a total cost of nearly 5 billion yuan ($700 million).

BYD has basically determined that 6 vessels will be built, with the other 2 vessels being option orders, according to Caixin.

Several automakers, including Chery and Nio, are also planning to order their own car carriers, Xinde said in a new report on November 27.