BYD in talks with Stellantis, others for Europe plants, Bloomberg reports

BYD (BYDDF) is negotiating with Stellantis (STLA) and other European car makers to take over underused factories in the region, Bloomberg’s Jamie Nimmo and Albertina Torsoli report, citing the Chinese company’s top international executive. BYD is discussing potential deals to take on plants in countries such as Italy, BYD’s Executive Vice President Stella Li told Bloomberg in an interview. BYD prefers to operate the plants on its own rather than joint ventures, Li added. “We are talking to not only Stellantis, we’re talking to other companies too,” Li said.