BYD is the world’s leading manufacturer of electric cars and announced that the first European headquarters will be in Szeged, IN Hungary.
BYD, the new factory in Hungary: what it is
The cutting-edge system it will be the first of its kind built by a Chinese automotive company in Europa and will have a line of revolutionary automotive manufacturing. The factory will be built in phases and is expected to create thousands of jobs, thus boosting the local economy and support supply chains.
BYD, the new factory in Hungary: the production plant
The new manufacturing facility will incorporate the most advanced global technology and highly automated manufacturing processes to create a world-leading facility for the production of new energy-powered passenger vehicles. It is expected that the construction of this manufacturing center will have a positive impact on the local economy, promoting technological exchange and innovation between China and Hungary. BYD will also use its expertise in integrated vertical supply chains to help create a green “ecosystem” at local level.
BYD aims for the heart of Europe
Located in the heart of Europe, Hungary it is a major transport hub and has a rich history of automotive expertise. With a mature infrastructure and a well-established industrial base, Hungary has been chosen by several leading European manufacturers as a location for passenger car production. This further supports the decision of BYD to make Hungary the center of European manufacturing operations.
The BYD brand has made significant progress in launching its passenger car business in Europe. In the first year, the company opened 230 retail stores in 19 countries, introduced five new models (BYD HAN, BYD TANG, BYD ATT 3, BYD SEAL and BYD DOLPHIN), covering segments C to E, including sedans, hatchbacks and SUVs. Additionally, three new models are scheduled to be launched within the next 12 months.
The slogan Cool the Earth by 1°C
Driven by the global vision of slogan “Cool the Earth by 1°C”BYD aims to accelerate the pace of vehicle penetration in the European market, further deepen its globalization strategy and actively promote the green transformation of global energy.
