Ford in talks to sell plant to Chinese EV giant BYD

January 25, 2023
Ford in talks to sell plant to Chinese EV giant BYD
Share:

Carmaker Ford is in negotiations with Chinese electric car maker BYD about a potential sale of its Saarlouis factory in Germany, which currently produces the Focus. It is also assessing interest from up to 15 other potential buyers. 


Production of the Focus is due to end in 2025. The company is currently reducing its workforce and the Saarlouis plant employs 4,600 workers. The factory is located in the region of Saarland and Ford is working with the regional economy minister to find a viable buyer. 

BYD would be a significant buyer as it is currently the world's largest battery-electric and plug-in hybrids vehicle maker, outselling specialist such as Tesla, as well as more traditional car manufacturers. In 2022 BYD sold some 1.86 million electric vehicles, against some 1.3 million delivered by Tesla.  

The company currently sells a limited range of models in a few European countries, but has ambitious plans to expand, targeting dramatic growth in the European EV market. It is also understood that BTYD may have the capacity to significantly undercut current EV prices in Europe.  

 
PREVIOUS ARTICLE
New AQUACTRL2 wiper from Continental
NEXT ARTICLE
Workshops give a warm welcome to NGK Academy

More from AFTERMARKET

Used Volvo XC90 losing power

Used Volvo XC90 losing power

icon A customer brought their recen...
Rally legend to make 2026 return

Rally legend to make 2026 return

icon The somewhat forgotten Italian...
Study says independent focus still on ICE

Study says independent focus still on ICE

icon Anyone involved in the indepen...
How Klipboard ePod can digitise motor factor deliveries

How Klipboard ePod can digitise motor factor deliveries

icon Aftermarket software supplier...
Strongline Autoparts brings NAKATA wheel bearing range to Ireland

Strongline Autoparts brings NAKATA wheel bearing range to Ireland

icon Strongline Autoparts has annou...
SEALEY launches latest tool promotion

SEALEY launches latest tool promotion

icon The latest Tool Promotion from...

More from AUTOBIZ