BYD to Build First European New Energy Vehicle Production Base in Hungary

BYD, a global leader in new energy vehicle (NEV) technology, has announced plans to establish its first European production base in Hungary. This significant investment marks a major step in BYD's global expansion strategy and is set to revolutionize the European automotive market.

The new facility, scheduled to commence production in 2025, is expected to have an annual capacity of approximately 150,000 vehicles. It will produce a range of both battery - electric vehicles (BEVs), such as the popular ATTO 3, and plug - in hybrid electric vehicles (PHEVs). These models are known for their advanced technology, high - performance, and eco - friendliness, which are expected to meet the growing demand for sustainable transportation in Europe.

The choice of Hungary as the location for this production base is strategic. Hungary offers a favorable business environment, well - developed infrastructure, and a skilled workforce, making it an ideal location for BYD's European manufacturing operations. The new plant will not only enhance BYD's local production capabilities but also strengthen its supply chain and after - sales service network in Europe.

Once operational, the production base will play a crucial role in meeting the surging demand for new energy vehicles in the European market. BYD aims to use this base as a springboard to further penetrate the European market, contributing to the region's transition towards a low - carbon future.

This move by BYD is part of its broader global expansion plan. With the establishment of the Hungarian production base, BYD is well - positioned to solidify its position as a leading player in the global new energy vehicle industry and accelerate the adoption of clean energy transportation worldwide.