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By *oo hot OP Couple
over a year ago
North West |
Financial Times 12/03/2023
Reporting that the a Chinese Company that is the world’s largest seller of electric and hybrid cars has ruled out building its first European car factory in the UK because of Brexit.
BYD’s European president Michael Shu said the UK did not even make the top 10 possible locations for its first European plant, citing the need for stability.
Of course there is no guarantee that this multi-billion pound investment would have happened had we still been in the Customs Union and the Single Market, but it is this very type of investment that Margaret Thatcher had in mind when she initiated the the path towards a European Single Market.
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By (user no longer on site)
over a year ago
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"Financial Times 12/03/2023
Reporting that the a Chinese Company that is the world’s largest seller of electric and hybrid cars has ruled out building its first European car factory in the UK because of Brexit.
BYD’s European president Michael Shu said the UK did not even make the top 10 possible locations for its first European plant, citing the need for stability.
Of course there is no guarantee that this multi-billion pound investment would have happened had we still been in the Customs Union and the Single Market, but it is this very type of investment that Margaret Thatcher had in mind when she initiated the the path towards a European Single Market.
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Nissan and Toyota come to mind. 