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Report: BYD approached to buy Stellantis Canada plant

Stellantis logoStellantis
Sig1.70Sen-1.70Env0.00Soc0.00Gov0.00

BYD said Q2 net profit rose 30% to about RMB 8.2B despite revenue falling 7.1%. Bloomberg reported BYD was approached about acquiring a Stellantis manufacturing plant in Canada, while BYD plans a first locally made flex-fuel plug-in hybrid in Brazil and opened Oman Ro-Ro shipments for GCC-bound vehicles. The company is also investing in chips and robots for smart-vehicle growth.

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