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Euronews
Euronews
Gabriele Barbati

BYD in talks to buy idle European car plants as it eyes Maserati

BYD European Union Maserati Stellantis Europe Stella Li FIAT

Chinese electric-vehicle giant BYD is in talks with Jeep maker Stellantis and other carmakers about taking over their EU plants as part of its international expansion drive, Bloomberg News reported Wednesday.

The talks come weeks after Stellantis shocked investors with a €22-billion write-down on its EV operations, saying it had overestimated demand for clean-energy cars.

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