Renault Refused BYD Twice: The Chinese Company Requested Too Much Influence in Europe
According to rumors reported by Les Echos, BYD sought on two different occasions to acquire a stake in Renault, but the French manufacturer reportedly rejected both offers. The negotiations, which have not been officially confirmed by either company, aimed for an agreement far broader than a traditional industrial collaboration.
The sources cited by French colleagues indicate that the first contact occurred about two years ago. After several meetings, BYD proposed entering the capital of Renault, but the group led by Luca de Meo preferred to maintain its stance, which entails agreements and collaborations without opening its capital in its main market, represented by Europe.
Although it is a manufacturer relying on industrial alliances to face the high investments required by the automotive sector's transition, Renault has primarily consolidated its collaboration with Geely in recent years. The Chinese manufacturer acquired a 34% stake in Renault Korea Motors in 2022 and subsequently invested in Renault do Brasil in 2025. The two companies also collaborate, along with Aramco, in the joint venture Horse Powertrain, dedicated to the development and production of internal combustion engines.
According to the rumors, BYD returned to the negotiating table in the fall of 2025 with a second proposal. This operation would have allowed Renault to access technologies for battery electric vehicles, plug-in hybrid systems, and production capabilities in the battery sector developed by the Chinese manufacturer. In exchange, BYD would have gained access to Renault's European manufacturing plants.
However, sources claim that the Chinese manufacturer’s goal was not merely a partnership but rather a much higher level of influence over the French carmaker. This aspect is said to have led Renault to terminate the discussions.
Despite the negative outcome of the alleged negotiations, BYD continues to pursue its expansion program in the European continent. Following the opening of the factory in Hungary and the slowdown of plans for the anticipated factory in Turkey, the company is looking for a new production site in Southern Europe. According to statements made by BYD Europe CEO, Stella Li, preference would be given to acquiring an existing plant.
The same rumors also indicate that Stella Li has considered acquiring one or more traditional European automotive brands, with particular interest in Maserati.