BYD executive outlines ambitious plans for Europe

BYD Europe CEO Michael Shu with the Seal U DM-I plug-in hybrid SUV: BYD looks to grow significantly in Europe. (BLOOMBERG)

By:

Burkard Riering

March 12, 2024 02:53 PM

BYD has ambitious plans for Europe. The Chinese automaker wants a 5 percent share of Europe's electric vehicle market even before it launches production at a new plant in Hungary. Based on 2023 sales figures, that would be 70,000 full-electric cars.

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