Historic Victory for Hungary

BYD, the world’s leading manufacturer of new energy vehicles, has chosen Szeged in Hungary to establish its first European factory.

BYD’s ultra-modern factory in Hungary will be the first of its kind built by a Chinese automaker in Europe and will feature a state-of-the-art production line. The factory will be constructed in phases and is expected to create thousands of local jobs, boost the local economy, and support local supply chains. While Europe was agreeing to crack down on Chinese manufacturers, Hungary maneuvered independently to secure the jackpot.

The new factory will incorporate the most advanced global technology and highly automated production processes to create a leading new energy unit. The construction of this manufacturing hub is expected to have a positive impact on the local economy by fostering technological exchanges and innovation between China and Hungary. BYD will also leverage its expertise in integrated vertical supply chains to help create a green “ecosystem” at the local level.

Located in the heart of Europe, Hungary has become an essential transport hub and boasts a rich history of automotive industry expertise. With mature infrastructure and a well-established industrial base, the country has been chosen by several high-end European manufacturers as a site for passenger car production. This reinforces BYD’s decision to make Hungary the center of its European manufacturing operations.

The BYD brand continues to expand across Europe. In 2023, the manufacturer opened 230 centers in 19 countries, launched five new models (BYD HAN, BYD TANG, BYD ATTO 3, BYD SEAL, and BYD DOLPHIN), covering the entire spectrum of automobiles, from hatchbacks to SUVs and sedans. Additionally, three new models are expected to be launched in the next 12 months.

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