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BYD to build new energy passenger vehicle factory in Hungary for localized production in Europe

BYD will build a manufacturing and production center in Szeged, Hungary. The facility will be the first of its kind built by a Chinese automotive company in Europe. The factory will be built in phases and is expected to create thousands of local jobs, boost the local economy and support local supply chains.

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The new production facility will incorporate advanced global technology and highly automated production processes to create a leading global new energy passenger vehicle manufacturing facility. BYD will also utilize its expertise in integrated vertical supply chains to help create a green ‘ecosystem’ locally.

Hungary is an essential transportation hub and has a rich history of expertise in the automotive industry. With a mature infrastructure and a well-established industrial foundation, Hungary has been chosen by several premium European manufacturers as a production location for passenger cars.

The BYD brand has made significant progress in launching its passenger car operations in Europe. Within the first year, the company has established 230 retailer stores across 19 countries and introduced five new models (BYD HAN, BYD TANG, BYD ATTO 3, BYD SEAL, and BYD DOLPHIN) spanning the C to E segments, including hatchbacks, sedans, and SUVs. Three new models are planned to be launched within the next 12 months.

More information concerning specific details of the new production facility will follow.

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