BYD Germany

BYD is considering setting up its third European car assembly plant in Germany as it looks to build brand awareness among European customers as a local manufacturer, according to Reuters.

BYD unveiled its E-VALI electric light commercial vehicle at the IAA Transportation 2024 event, and has entered into a partnership with France's CEVA Logistics to deliver four ETH8 all-electric trucks to it in January 2025.

Hedin Electric's parent company will transfer its distribution activities of BYD vehicles and spare parts in the German market to BYD in a deal expected to close in the fourth quarter of 2024.

The partnership began with SIXT's initial order for thousands of BYD's all-electric vehicles, with first deliveries in the fourth quarter of 2022.

In October, a number of pioneering stores in Sweden and Germany will be opened, with the first vehicles expected to be delivered in the fourth quarter.