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Chinese company BYD is interested in opening factories in Portugal. It would have a “significant impact on GDP”
Release time:2025-06-09
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China's ambassador to Portugal, Zhao Bentang, in an interview with CNN on June 2, said that "there are ideas" from companies such as car manufacturer BYD to "invest in Portugal." All this because "Portugal is an important country," since it "has a large market," not only because it is part of the European Union, but also because it belongs to the CPLP.


"It's beneficial. We are in a world fragmented into blocs, and China has realized that to enter the European market, it may be more important today to have factories within Europe," former Economy Minister Manuel Caldeira Cabral also told CNN, recognizing the strategic significance of Chinese investments.


The economist also speaks of a positive impact on GDP. "These types of factories have an added value of 40 to 45%. In the case of electric vehicles, it may even be higher," he says.


(Source: Zap.aeiou – Portugal, on June 3)