Stock

BYD appoints former Stellantis UK chief Davino to push European expansion

1 Mins read

MILAN (Reuters) – BYD (SZ:002594) has appointed former Stellantis (NYSE:STLA) UK chief Maria Grazia Davino to lead its operations in a group of European countries including Germany, the Chinese automaker said on Wednesday.

BYD, the second-largest producer of battery-electric cars globally, has been leading Chinese carmakers’ push into Europe. It is also building factories in Hungary and Turkey to establish local manufacturing capacity.

Davino will help consolidate BYD’s activities in Europe, at a time when the company’s distribution network is expanding, the carmaker said in a statement.

Her appointment comes after the Chinese automaker in August hired former senior Fiat Chrysler Alfredo Altavilla as its special adviser for Europe. He has been recruiting former contacts in the firm, now part of Stellantis, as BYD builds a new management structure in the region.

Davino, who became Stellantis UK chief in September last year, had previously covered several positions within the group and its predecessor Fiat Chrysler since 2013.

She will take the role of regional managing director for Germany, Switzerland, Poland, Austria and Czech Republic, starting from Dec. 1, BYD said.

This month BYD appointed Alessandro Grosso, Stellantis sales vice president for Italy, as its new country manager for Italy.

BYD this month also picked Alberto De Aza, managing director for Stellantis brand Peugeot (OTC:PUGOY) in Spain and Portugal, as its new head for Spain, a source said.

This post appeared first on investing.com

Related posts
Stock

Japan’s antitrust watchdog to find Google violated law in search case, Nikkei reports

1 Mins read
(Reuters) -Japan’s competition watchdog is expected to find Google guilty of violating the country’s antitrust law, Nikkei Asia reported on Sunday, citing…
Stock

5 big analyst AI moves: Nvidia still top pick into 2025; MU, ORCL downgraded

5 Mins read
Investing.com — Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. InvestingPro subscribers always get…
Stock

How ETFs are remaking the market

1 Mins read
Investing.com — Exchange-traded funds are reshaping global markets with record-breaking growth. In 2024, the ETF industry reached $15 trillion in assets, saw…

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.