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The latest development of BYD's first factory in Europe: it is reported that the official announced to build the factory as soon as Friday local time and landed in Hungary.

2024-07-23 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >


Shulou( Report--

Thanks to netizen SpongeBob for the clues picked up and delivered!, December 22, according to reports such as the Financial Times and the Times, BYD is currently in final negotiations with the Hungarian government to secure an investment of billions of euros and to build a new electric car factory. The agreement between the two sides could be announced as early as Friday local time.

According to reports, this will be the first European factory of BYD (passenger car). Hungarian Prime Minister Viktor Orban said at a news conference on Thursday local time that some parts of southern Hungary are expected to create jobs after "big business" investment.

The Times, citing three people familiar with the matter, reported that BYD was seeking to build a new factory to produce electric cars and batteries in Sajder, a region in southern Hungary. Note: BYD already owns a bus factory in Hungary.

▲ Touyuan BYD official account according to 's previous report, Germany's Frankfurt Daily said in November that BYD planned to build its first European car factory in Hungary, and the Hungarian prime minister also visited BYD in October and met with BYD's chairman and president Wang Chuanfu.

BYD announced earlier this year that it had entered the Hungarian passenger car market, bringing three models, namely, ATTO 3 (yuan PLUS), dolphin and seal.

Related readings:

It is reported that BYD will build its first European factory in Hungary, and the site will be announced at the end of the year.

"BYD rebuilt battery factory in Hungary: investment of more than 200 million yuan, has started recruitment."

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