The Chinese manufacturer of new energy vehicles, BYD, announced this Friday, December 22, that it has reached an agreement with the Hungarian Government for the construction of a factory in Szeged, in southern Hungary.
BYD revealed that the new production unit in Europe will be equipped with the most advanced technology and automated production processes to create a leading facility in the production of new energy passenger vehicles.
BYD justified the choice of Hungary for its first passenger vehicle factory in Europe because it has “a rich history of specialization in the automotive industry, with a mature infrastructure and a well-established industrial base”. Furthermore, “Hungary has been chosen by several premium European manufacturers as a location for passenger car production. This further supports BYD’s decision to make Hungary the center of its European production operations”, adds the statement from the Chinese brand.
It is worth mentioning that the Chinese brand already has a production unit in Hungary, where it is dedicated to the assembly of electric buses for the European market.
BYD, which entered the national market this year, sold just over 13,000 vehicles in Europe until November, according to market data from Dataforce, with the Atto 3 being the best-selling model, with approximately 11,000 units sold.
