More than 500 representatives from 380 major Italian component suppliers joined a BYD event in Turin, Italy organized with ANFIA, Italy’s National Association of the Automotive Industry. BYD executives outlined their European expansion strategy. It focused on supplier collaboration as the company grows its passenger car market presence in the region.

BYD Engages Italian Suppliers in Expansion Plans

BYD leaders shared their vision for European supplier partnerships, emphasizing the role of local manufacturers in its expanding operations. The event hosted over 170 meetings, where suppliers explored collaboration opportunities. Attendees also test-drove BYD’s growing European passenger car lineup, which has tripled in size over the last two years.

Hungary Factory Strengthens BYD European Expansion

BYD said its growth in Europe relies on localized production. Its first European passenger-car facility will open in Hungary by the end of the year. The new factory will allow BYD to build cars in Europe for European customers, reinforcing regional supply chain integration, it said.

Alfredo Altavilla, BYD Special Advisor for Europe, said, “I am extremely pleased to have created this link between BYD and our industrial supply chain, made up of companies that represent the excellence of Italian know-how. These companies are distinguished by know-how that has no equal on the international scene and that the whole world recognizes. Italy leads as the first country involved in this activity. I believe it is right to offer our companies the opportunity to once again become active players in the future of mobility. Especially in this delicate phase of technological transition, in which they can play a fundamental role.”

BYD Strengthens Global Supplier Collaboration

He Zhiqi, BYD’s Executive Vice President and Chief Operating Officer, pointed out that BYD has always had a collaborative approach to its expansion.

“Over the years, we have carried out long-term strategic cooperation with the world’s top suppliers,” he told guests. “We always firmly believe that the development of new-energy vehicles is inseparable from the support of global partners. We maintain an open attitude and sincerely invite all suppliers to join our new-energy vehicle supply chain.”

In November 2023, BYD became the first automaker to produce 10 million new-energy vehicles.