Chinese automaker BYD (HKG:1211, SHE:002594) is looking to expand its European footprint through the acquisition of an existing factory and investments in charging infrastructure, according to separate media reports on Wednesday.

Executive Vice President Stella Li told reporters in Berlin that the company is looking to establish a second assembly plant in southern Europe, preferably by acquiring an existing factory, Reuters reported.

Separately, Li said BYD plans to invest 2 billion euros in Europe over the next few years to support ultra-fast charging for its mainstream models, the Financial Times reported.

The initiative includes the deployment of 3,000 flash-charging stations across the region by 2027, including 600 in the U.K.