Sources say BYD will build its first European factory in Hungary, and the site will be announced at the end of the year.

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com, November 5 (Xinhua)-- German newspaper Frankfurt Daily reported that BYD plans to build its first European car plant in Hungary, according to Reuters. An unnamed source said the decision had been made internally.

Last month, Hungarian Prime Minister Orban Viktor met with BYD Chairman and President Wang Chuanfu during a visit to BYD.

When contacted by BYD, Reuters said it was still looking for a suitable location and would make an announcement at the end of this year. The Hungarian government did not immediately respond to a request for comment.

CTOnews.com previously reported that BYD announced its official entry into the Hungarian passenger car market, with the debut of three pure electric models, the ATTO 3 (yuan PLUS), dolphins and seals.

According to reports, BYD will establish a comprehensive service network covering the whole of Hungary with two contracted dealers, DUNA AUT and Wallis Motor Duna Kft, to provide convenient and reliable car purchase, car use and after-sales experience.