Chinese electric vehicle makers are accelerating their expansion into Europe by targeting underused factories owned by legacy automakers, according to the report. Companies including BYD, Leapmotor and Geely Auto are seeking manufacturing footholds as demand for EVs rises across Europe.
Chinese EV makers BYD and XPeng are reportedly looking deeper into Europe as demand slows in China and overseas growth becomes more important.
— Benzinga (@Benzinga) May 14, 2026
According to Bloomberg, BYD has held talks with Stellantis and other automakers about taking over underused plants in Europe. BYD… pic.twitter.com/6vRWkURfqv
BYD said it is in talks with Stellantis to use idle assembly facilities previously operated for European brands such as Peugeot and Fiat. Stellantis recently expanded its partnership with Leapmotor to add EV production lines at a Spanish plant once designated for petrol-powered Opel vehicles.
Analysts told the publication that surging oil prices linked to the Iran conflict have increased European interest in electric vehicles. JPMorgan estimated Chinese brands could capture 20% of Western Europe’s EV market by 2028.
The report said Chinese automakers see overseas expansion as key to boosting profits and strengthening their global influence.
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