It seems that Europe’s worst fears are yet to come. Alfredo Altavilla, BYD’s special advisor for Europe, said during an appearance at the FORUM Auto Motive forum that “if we achieve our goals in the Old Continent, some European manufacturers may disappear.” This is the greatest fear of European Union leaders. Altavilla’s statements are reinforced by the Chinese giant’s increased sales, which analysts expect to double this year.
Reports have circulated about the Chinese giant’s desire to open a third factory in Europe and its search for a suitable location. Rumors have also emerged about the possibility of establishing a factory in Germany. However, according to Altavilla, “there are no final decisions” and he denied the rumors published by some newspapers.
He added, “It will be difficult to establish a factory in countries that do not support Chinese cars, and Italy and France have voted in favor of tariffs.”
The Chinese giant’s expansion into Europe is inevitable, and it appears that European leaders’ plans to halt the Chinese car boom have been fruitless, or at least not yielding the desired results. Even if the news about a third factory in Europe is true, it will inevitably lead to European companies halting manufacturing due to their inability to compete.
