BYD reportedly favours Spain for possible third European assembly plant

China-based automaker BYD is considering Spain as its leading candidate for a third European car factory, two sources with knowledge of the matter told Reuters. The automaker, which is pursuing faster sales growth across the continent, could add a Spanish assembly plant to its planned facilities in Hungary and Turkey. This move would support Spain’s ambitions to become a prominent electric vehicle (EV) manufacturing hub. One source said BYD prefers Spain owing to its comparatively low production costs a ...