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Market Chatter: BYD Holds Talks with Stellantis, Others for Underused Europe Factories

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Executive Vice President Stella Li said BYD (HKG:1211, SHE:002594) is in talks with Stellantis and other European car manufacturers to take over underused plants in the region, Bloomberg News reported Wednesday.

Li made the remarks after Stellantis revealed a plan to work more closely with Zhejiang Leapmotor (HKG:9863), the report added.

In response to a request for comment from, Stellantis said the discussions form part of "its normal course of business" as it holds talks with "a range of industry players around the world on various topics." It, however, noted that it does not comment on speculations.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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