Market Chatter: BYD Explores Canada Factory, Global Carmaker Acquisition

MT Newswires Live03-13 11:57

BYD (HKG:1211, SHE:002594) is evaluating the possibility of building a manufacturing facility in Canada, Bloomberg News reported Friday, citing executive vice president Stella Li.

The electric carmaker is studying the Canadian market as a possible production base, though no decision has been made, Li said during a visit to Sao Paulo, according to the report.

Any facility there would likely be wholly owned and operated by BYD rather than structured as a joint venture, she added.

BYD is also open to acquiring an established overseas automaker and is assessing potential opportunities, though no deal is currently close, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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