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BYD considers building a battery factory in Portugal

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BYD considers building a battery factory in Portugal

BYD is reportedly considering building a battery factory in Portugal - potentially at the former Galp refinery in Matosinhos near Porto. It remains unclear whether battery cells or complete battery systems would be manufactured there. Such a battery factory would align well with a potential BYD car factory in Spain.

Chinese electric vehicle and battery manufacturer BYD is reportedly considering building a battery factory in Portugal. According to the Portuguese business newspaper Expresso, the company is already in discussions with the Portuguese government and the national trade and investment agency AICEP (Agência para o Investimento e Comércio Externo de Portugal) regarding a potential investment. The former oil refinery site of Portuguese energy company Galp in Matosinhos, near Porto, is being considered as a possible location. A source familiar with the matter states that the project is already relatively advanced.

However, there has been no official confirmation from BYD to date. Portugal’s Minister of Economy, Manuel Castro Almeida, merely confirmed a “fruitful dialogue” with a Chinese automaker regarding the establishment of a plant in Portugal, without providing further details. The city administration of Matosinhos also states that it has not yet been formally informed about the project. Nevertheless, Mayor Luísa Salgueiro described such an investment as a “very welcome project”.

The former Galp refinery in Matosinhos was closed in 2021. The approximately 240-hectare site near the Atlantic is currently being dismantled. Of this, 100 hectares have already been transferred to the city administration. A 40-hectare site is planned for the University of Porto, while another 20 hectares are set to become a park.


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