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BYD aims to decentralize electric car production in Europe and needs a place to set up its factory
The Chinese automaker BYD has high expectations for the start of its production in Europe and, for that, it has the purchase of a Ford factory. In addition to planning to sell electric vehicles, it plans to establish itself as a major local car producer. After the presentation of three electric vehicles for the Old Continent (Tan, Han and Yuan Plus), the Chinese automaker wants to decentralize production in Europe.
However, to put the plan into practice, he needs a place to set up his factory. In that case, the Ford Focus factory would be ideal for the production of electric cars. This is the Saarlouis plant, which is located in Germany, where the Focus has been produced for several years, making it historic for Ford.
Possible purchase of Ford Focus plant by BYD
One of the possibilities for BYD to succeed in the production of electric vehicles in Europe is the purchase of the factory that belongs to Ford and is located in Saarlouis, in western Germany. The location has already become historic for the American automaker, which has been producing the Ford Focus there for many years.
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According to the article published by the North American Wall Street Journal, Ford executives are ready to travel to China during the next week to seal an agreement. However, the public raised a new question: why would Ford give up such an important and strategic factory?
Why would Ford give up such an important and strategic plant?
A possible reason for accepting the purchase of the factory is the definitive retirement of the Ford Focus, which was announced with a forecast for 2025, that is, approximately two years from now. With that, Ford could focus hard on electric passenger and light commercial vehicles.
BYD is already a world leader in the production of electrified vehicles and intends to establish itself in several regions of the world, with Europe being crucial in this process. However, the Wall Street Journal report disclosed that, in addition to the Chinese automaker, there are 15 other investors interested in the Ford factory.
