BYD intends to produce all electric vehicles for the European Union market locally within a few years. The world’s leading manufacturer of new energy vehicles aims to produce all electric models for EU markets in Europe by 2028.
“We are preparing to be more European in production”, explained Stella Li, executive vice president and number two at BYD, in statements to “Reuters”.
To reinforce its strategy, BYD is building a factory in Hungary, with production expected to start this year. By 2026, the Chinese company’s electric vehicles for the European continent will also come off the production line in Turkey.
BYD’s decision to produce more electric vehicles aims to address the tariffs imposed by the European Union in 2024 on electric models produced in China.
In addition to local production, BYD’s strategy also includes strengthening its range of plug-in hybrids to circumvent EU tariffs, which apply only to fully electric Chinese models.
In this way, BYD is preparing to launch three to four new plug-in hybrids in Europe over the next six months. “In the next one to two years, our plug-in hybrids will dominate sales in Europe”, said Stella Li.
Remember that in addition to the plug-in hybrid range from BYD, there is the Seal 6 DM-i, a plug-in hybrid (PHEV) model, available in sedan and station wagon versions, which combines a 1.5-liter four-cylinder gasoline engine with high-performance electric motors and a Blade Battery.
