Market Chatter: Stellantis in Talks With BYD Over Potential Factory Deals in Europe

MT Newswires Live05-13

Stellantis (STLA) and other European carmakers are in talks with BYD over potential agreements involving underused European manufacturing plants, Bloomberg reported Wednesday, citing a senior BYD executive.

BYD would prefer to operate any acquired facilities independently rather than through joint ventures, the report said.

The Chinese automaker has been accelerating its overseas expansion as competition intensifies in its home market, while electric vehicle demand in Europe has strengthened following higher fuel prices linked to the Middle East conflict, according to the report.

Stellantis did not immediately respond to MT Newswires' request for comment.

(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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