BYD signs an auto parts distribution deal with an Italian supplier as it ramps up vehicle production expansion plans in Europe.
Its latest move suggests it hopes to shrug off European Commission investigations into suspected unfair Chinese state subsidies for its assembly plant currently under construction in Szeged, Hungary.
The automaker signs its parts distribution contract with Italy’s Intergea in a bid to have BYD original car parts made available within 48 hours throughout the company by CRF, a business unit of Intergea, starting in May, Reuters reports.
In a company statement, BYD says the deal is a “key step toward breaking the preconception about the difficulty of finding spare parts for Asian vehicles, an issue often perceived as an obstacle to purchase”.
BYD says it expects to double its sales outside its domestic market in China to more than 800,000 cars globally by the end of this year.
