Μία από τις μεγαλύτερες κινεζικές επενδύσεις στην ευρωπαϊκή αυτοκινητοβιομηχανία εξελίσσεται σε ηχηρό πλήγμα για την Τουρκία, καθώς η χώρα φαίνεται να χάνει οριστικά επένδυση ύψους 1 δις δολαρίων.
The BYD continues to strengthen its presence on the European market, seeking to significantly increase the local production of its models and reduce its dependence on imports from China. In this context, It is now in the final line for selecting the site where its second major factory in Europe will be created.
However, contrary to its initial announcements China and Turkey, BYD's second plant in Europe will eventually not be in the neighbouring country, andinnocently, after the initial doubts expressed by the Chinese side about the benefits of the construction of the factory in Turkey, the firm's intentions were recently confirmed, with the Vice President of BYD, Stella Li, announce that the investment project in the country is suspended indefinitely.
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This is a development which has caused great concern in Turkey, as the total investment would reach $1 billion and place the neighbouring country on the map of the European car industry, He's been pursuing a goal for years. An example of the discontent that prevails is the fact that the Turkish side did not leave this development unanswered, as it has already warned BYD with legal actions and other sanctions.
In any case, BYD does not appear to be particularly affected by these reactions, as it has already turned its interest to the next day of its investment design. As mentioned above, the Chinese car industry is now seeking the new location where it will build its second European factory, giving priority to its countries European Union.
According to the special adviser to BYD for Europe, Alfredo Altavilla, the decision is expected to be taken very soon, As the company has recently speeded up its moves in the face of the new European regulations on «Made in Europe», which is expected to favour vehicles manufactured within the European Union.
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So with Turkey finally out of play, The two countries which are now likely to gather the most likely to host the investment are Spain and the France. BYD seems to be fully reviewing its plan, since it seems to ultimately reject the possibility of building a new factory from scratch, as such an investment would require considerable implementation time and particularly high costs.
On the contrary, the Chinese car industry is now considering the acquisition of an existing production plant by a traditional European manufacturer, using existing installations and the supplier network to produce its own vehicles.
According to Altavilla, the new plan progresses rapidly, with groups of the company currently carrying out on-the-spot checks on the candidate locations on the relevant list, with the final decision expected within the next period.
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It is noted that, apart from Turkey, BYD has also excluded countries such as Germany Italy from the possible locations of the new plantth. According to the information, high labour costs, as well as increased bureaucracy in the two countries are working as a deterrent for the Chinese car industry, which is seeking a solution that will enable it to start production as quickly as possible.
Finally, it is worth noting that the two main beneficiaries of the investment, France and Spain, appear to constitute «favorite» destination of Chinese interests already attracted significant investments from the automotive industry .
In particular, η Leapmotor δραστηριοποιείται ήδη στη Ρεν της Γαλλίας, while in Spain Cherry has settled in Barcelona, Geely has agreements for vehicle production in Valencia, and SAIC has announced plans to create a MG model assembly plant in Galicia.
