SEHK:1211Auto
BYD’s European Plant Talks Add Context To Undervalued Share Price
BYD (SEHK:1211) is in talks to acquire underutilized car manufacturing plants across Europe, including discussions with Stellantis and other automakers.
The company aims to localize electric vehicle production in Europe as governments review tariff policies on Chinese made EVs.
This potential expansion would reuse existing facilities that legacy automakers are reassessing or restructuring.
BYD shares last closed at HK$96.45, with the stock down 14.8% over the past 30 days and down 32.6%...