BYD China’s leading EV automaker has now ready to take the Europe market with it’s true competitive spirit. Automaker has ambitious plans to become one of the key player in the European market after expanding its partnership with auto tech giant Forvia. With this new step BYD expects to get rapid gain in the market share in the region.
Forvia is the world’s seventh-largest auto tech supplier of the industry and has a strange presence in Europe. Forvia also announced that it has been chosen to supply BYD’s new EV plant in Turkey. This news broke out shortly after the both companies said they would work together to launch BYD’s first European plant in Hungry.
BYD is one of the renowned EV maker in the home market, China that is already the world’s largest EV market. Now the automaker are taking it’s eyes over the other opportunities of the overseas market for growth and expansion that include Europe, U.S., Australia etc.
In the last seven years partnership, BYD and Forvia have opened the seven EV plants in China. Also there was the announced for two new plant to open a new seat assembly plant in Thailand, where BYD opened its first manufacturing facility this summer.
Forvia’s CEO, Patrick Koller said after teaming up on BYD’s first plant in Hungry, “Bringing our partnership with BYD to Europe is a major milestone for both our companies. He also added their collaboration has already resulted in significant achievements in Asia. So we are confident that this expansion will drive further innovation and growth in the European market.”
Now both the automakers are expanding their partnership in Europe. In this row BYD executive vice president Stella Li said at the Paris Motor Show that she expects the new Sealion 7 mid-size electric SUV will extent our reach in Europe. This new EV is the BYD’s eighth vehicle to arrive in Europe after the popular Dolphin, Seal, and Sea U.
It has been two years for BYD’s European debut at the 2022 Paris Motor Show. Li responsible for overseas operations recently told Germany’s Frankfurter Allgemeine Sonntagszeitung (FAS) that the company expects sales to accelerate in less than half a year.
