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00:03BYD and XPeng are reportedly exploring ways to expand manufacturing operations in Europe
00:08by utilizing underused production facilities from struggling automakers.
00:13Bloomberg reported that BYD held talks with Stellantis
00:16and other manufacturers about taking over plants across Europe.
00:20BYD Executive Vice President Stella Lee said the company wants to operate facilities
00:25independently rather than through joint ventures.
00:28The Financial Times also reported that XPeng held talks with Volkswagen
00:33about possible plant locations after its Austria facility neared capacity.
00:37Chinese automakers are expanding in Europe as demand weakens in China.
00:42BYD's April sales fell 32.3% year-over-year to 182,025 units,
00:49while its European registrations rose 155% in the first quarter of 2026.
00:56Tesla posted mixed European sales results,
00:59with growth in France, the Netherlands, Denmark, and Sweden.
01:03For all things money, visit Benzinga.com.
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