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 * UBS pointed out that Tesla Model 3 (starting at around 28,500 euros) made in China is 15% more expensive than its BYD rival (also made in China). It added that BYD's vehicles sold in China are 35% cheaper than those of its competitors made in Europe<ref>https://technode.com/2023/09/06/byds-manufacturing-costs-in-eu-could-be-25-lower-than-rivals-ubs/</ref>.
-== How will BYD's Europe Plant Operate? ==
+== Which Chinese companies have announced plans to start production in Europe? ==
 * On December 2023, BYD announced that it will build its first European passenger car factory in Szeged, Hungary. The company pointed out that  the Szeged plant will be built in phases and will utilize '''integrated vertical supply chains, most advanced technology and highly automated production process'''<ref>https://www.byd.com/eu/news-list/BYD_to_Build_A_New_Energy_Passenger_Vehicle_Factory_in_Hungary_for_Localised_Production_in_Europe.html</ref>'''.'''
-* '''UBS estimate that BYD's vehicles produced in Europe would likely be 25% cheaper than those of its rivals thanks to its highly integrated vertical supply chains and the fact that 75% of its auto components are made in-house<ref>https://technode.com/2023/09/06/byds-manufacturing-costs-in-eu-could-be-25-lower-than-rivals-ubs/</ref>.'''
+* On May 2024, BYD's European director Michael Shu  announced that the company is considering building a second plant in Europe in 2025. Michael Shu pointed out that BYD's '''Seagull model which starts in China at less than $10,000 will cost less than $20,000 in Europe.''' He added that they want to become a leading EV manufacturer in Europe by 2030<ref>https://www.reuters.com/business/autos-transportation/byd-will-consider-second-european-plant-2025executive-says-2024-05-09/</ref>.
+* On August 2024, Xpeng CEO He Xiaopeng said in a Bloomberg interview that they are searching for a site for local production in Europe. He pointed out that they are looking to establish a site in an area with “relatively low labor risks.” Xpeng delivered 50,000 EVs in the first-half of 2024<ref>https://www.bloomberg.com/news/articles/2024-08-26/china-s-xpeng-aims-to-manufacture-evs-in-europe-to-blunt-tariffs</ref>
+* On April 2024, Chery acquired a former Nissan plant in Barcelona, its first plant in Europe. Through a joint venture established with a Barcelona company, Ebro EV-Motors, Chery aims to produce 150,000 EVs in 2029. Chery exported 937,148 million units in 2023<ref>https://catalonia.com/w/chinese-company-chery-chooses-barcelona-for-its-first-electric-car-plant-in-europe#:~:text=Chinese%20company%20Chery%20chooses%20Barcelona%20for%20its%20first%20electric%20car%20plant%20in%20Europe,-Business%20Investments%20%C2%B7%20Automotive&text=Chery%20has%20signed%20an%20agreement,in%20Zona%20Franca%20(Barcelona).</ref>.
+* On April 2024, Dongfeng Motor announced that it is weighing opening a plant in Italy with annual production capacity of 100,000 vehicles. However, Dongfeng Motor will focus mostly on hybrids<ref>https://www.bloomberg.com/news/articles/2024-04-16/china-s-dongfeng-in-talks-with-italy-to-make-cars-to-build-europe-hub</ref>.
+* Through a joint venture established with Stellantis, Leapmotor plants to produce at least six EVs at Stellantis's plant in Poland<ref>https://www.fleeteurope.com/en/financial-models/europe/features/stellantis-and-leapmotor-produce-evs-poland?t%5B0%5D=Stellantis&t%5B1%5D=Chinese%20OEMs&curl=1</ref>.
+=== How will BYD's Europe Plant Operate? ===
+*'''UBS estimate that BYD's vehicles produced in Europe would likely be 25% cheaper than those of its rivals thanks to its highly integrated vertical supply chains and the fact that 75% of its auto components are made in-house<ref>https://technode.com/2023/09/06/byds-manufacturing-costs-in-eu-could-be-25-lower-than-rivals-ubs/</ref>.'''
 * Bernstein analysts estimate that the '''Szeged will produce around 200,000 vehicles annually'''<ref name=":1">https://europe.autonews.com/automakers/byd-make-evs-and-batteries-europe-hungary</ref>.
 * The Szeged plant is '''set to receive subsidies from the Hungarian government'''. Hungary's Foreign Minister Peter Szijjarto said the amount of the subsidy will be announced once the EU Commission approves the plant. "This is set to be one of the biggest investments in Hungarian economic history," he said<ref name=":1" />.
 * The Szeged plant has already commenced production and according to Szijjarto , it's worth billions of euros. On Jan 2024, BYD signed a preliminary agreement for the purchase of around 300 hectares of land<ref name=":2">https://bbj.hu/business/industry/automotive/byd-szeged-promises-ecosystem-development-and-a-significant-economic-boost-for-the-area/</ref>.
 * BYD plans to complete the construction of the Szeged plant within 3 years. It also plans to start production in late 2025<ref name=":2" />.
-* On May 2024, BYD's European director Michael Shu  announced that the company is considering building a second plant in Europe in 2025. Michael Shu pointed out that BYD's '''Seagull model which starts in China at less than $10,000 will cost less than $20,000 in Europe.''' He added that they want to become a leading EV manufacturer in Europe by 2030<ref>https://www.reuters.com/business/autos-transportation/byd-will-consider-second-european-plant-2025executive-says-2024-05-09/</ref>.
 == How Is The Quality of Chinese EVs Sold In Europe? ==