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BYD confirms talks with Stellantis, others for Europe plants, state media reports - Finance news and analysis from Global Banking & Finance Review
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BYD confirms talks with Stellantis, others for Europe plants, state media reports

Published by Global Banking & Finance Review

Posted on May 14, 2026

1 min read

· Last updated: May 14, 2026

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BYD Confirms Talks With Stellantis Over Potential Europe Plant Acquisitions

BYD Engages in Discussions Regarding European Factory Takeovers

Confirmation of Negotiations

BEIJING, May 14 (Reuters) - Chinese EV giant BYD on Thursday confirmed to state media that it is in talks with European carmakers including Stellantis about taking over underused factories in Europe, following reports of such negotiations a day earlier.

Current Status of Discussions

BYD said there was no further information to disclose for the time being, state-backed China Securities Journal reported Thursday.

Verification and Reporting

Reuters could not immediately verify the report.

(Reporting by Shi Bu, Qiaoyi Li and Liz Lee. Editing by Mark Potter)

Key Takeaways

  • BYD is exploring takeover or utilization of idle factories across Europe, including in Italy, favoring sole ownership over joint ventures (cnevpost.com)
  • The talks are part of BYD’s broader Europe expansion strategy, which already includes building a plant in Hungary and another in Turkey, aimed at localizing production to avoid EU EV tariffs (chinaevhome.com)
  • Existing reports originate from Bloomberg and are confirmed by state media like China Securities Journal, but Reuters has not independently verified the negotiations (globalbankingandfinance.com)

References

Frequently Asked Questions

What did BYD confirm regarding talks with Stellantis?
BYD confirmed to state media that it is in discussions with European carmakers, including Stellantis, about taking over underused factories in Europe.
What source reported BYD's confirmation of talks?
State-backed China Securities Journal reported BYD's confirmation of ongoing negotiations.
Is there additional information available from BYD on the negotiations?
BYD stated that there was no further information to disclose for the time being.
What is the focus of the reported negotiations?
The negotiations focus on BYD potentially taking over underused car factories in Europe.

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