Overview

• Reuters reporting indicates BYD is evaluating Spain as the preferred site for a European assembly plant, though other countries remain under consideration.
• The prospective factory would join BYD projects in Hungary and Turkey, with the Hungary timeline pushed back and the Turkish plant slated to open in 2026.
• BYD’s Spain and Portugal director cited relatively low manufacturing costs and access to clean electricity as the main reasons Spain is favored.
• A final choice is expected before the end of 2025, subject to internal decision-making and approval from Chinese authorities.
• BYD aims to build all Europe-destined EVs locally within three years to limit EU tariffs, as its European sales rose about 280% in the first eight months of 2025.