BERLIN : Germany's Saarland state would not block Chinese electric carmaker BYD as a possible investor for a Ford car plant seeking new ownership, the state premier said on Friday after reports of BYD's interest.
The Wall Street Journal reported in late January that BYD was one of fifteen investors interested in taking over the Ford site in Saarlouis after it stops producing its current model, the Ford Focus, from 2025. Chinese electric vehicle makers are making inroads into the European market even as European players lose market share in China. BYD has said it is looking for European sites, though its executive vice-president told Bloomberg this week it would rather build its own plants than buy existing ones.
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