Saarlouis plant attracts Magna, Nedcar as potential owners

A contract manufacturer’s acquisition of Saarlouis could be a promising solution for the company’s future, sources said. Magna and Nedcar will be able to use the plant to build internal combustion engine vehicles without extensive retrofitting.

If BYD takes over the factory, it will have to make major changes to convert its capacity to EVs.

Saarlouis employees welcome new investors to the factory, which employs 4,500 people.

“Which continent the potential investor comes from is a secondary question. If a carmaker comes, that’s what we want,” works council president Markus Thal told Reuters. rice field.

BYD, the world’s largest distributor of battery electric and plug-in hybrid vehicles, is targeting the growing European EV market.

It has started selling three Chinese-made cars in some European markets, including the UK and Norway, and is considering producing electric vehicles in Europe, he said.

of wall street journal Ford officials will travel to China next week to visit BYD to discuss the sale of the Saarlouis plant to an EV maker, reported Tuesday.

Ford is reportedly in talks with 15 interested companies and aims to present a future solution for the plant by the end of March or early April.

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