Overview
- Reuters-based reporting says Spain is the leading candidate for a BYD assembly plant to serve Europe, with a final decision expected before the end of 2025 and subject to Chinese regulatory approval.
- BYD’s planned site would follow projects in Hungary and Turkey, with serial production in Hungary delayed to next year and Turkey slated to open in 2026.
- BYD’s Iberia chief cited manufacturing costs and a cleaner electricity mix as key advantages that make Spain an attractive production base.
- The company aims to build all vehicles for the European market within the region within three years to reduce exposure to EU tariffs.
- SAIC, owner of MG, has re-engaged on a potential factory in Galicia with meetings expected before year-end, highlighting competition among Spanish regions including Asturias and Aragón.