BYD has confirmed plans to start building cars in Europe, at a new site in Szeged, Hungary. The Chinese battery and EV giant has said for some time that it would consider manufacturing electric cars in Europe to be the next step of its push into the region. BYD already has an existing industrial relationship with the Hungarian government, having made buses in a different part of the country for several years.
In a corporate statement, BYD described the move as “the next stage of its European strategy” and said the facility would be a “manufacturing and production centre”. It did not issue a timeframe for the factory’s opening, although it said it will be “built in phases” and added that it would “utilise its expertise in integrated vertical supply chains to help create a green ‘ecosystem’ locally”.
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