🟢 002594.SZ is trading 5.9% up today on reports of a second European plant to avoid EU tariffs

002594.SZ is trading 5.9% up today at $84.36 following reports that BYD is nearing a decision on a second European manufacturing facility to accelerate local production.

• The company is reportedly considering sites in Spain or France, likely through the acquisition of existing plants, to circumvent potential EU tariffs on Chinese-made EVs.
• Investors are reacting favorably to the company’s aggressive European expansion strategy and the potential for significant growth in regional sales.