BYD, the world's leading manufacturer of new energy vehicles (NEVs), announces the next phase of its European strategy with the construction of a brand new production and manufacturing center in Szeged, Hungary. This state-of-the-art facility will be the first of its kind built by a Chinese car company in Europe and will feature an advanced automotive production line. The factory will be built in phases and is expected to create thousands of local jobs, boost the local economy and support local supply chains.
The new manufacturing facility will incorporate the most advanced global technology and highly automated manufacturing processes to create the world's leading new manufacturing facility for electric passenger vehicles. The construction of this manufacturing center is expected to have a positive impact on the local economy by promoting technological exchange and innovation between China and Hungary. BYD will also leverage its Hungary, which is located in the heart of Europe, is an important transport hub and boasts a rich history of expertise in the automotive industry. Hungary has an advanced infrastructure and a well-established industrial base and has been chosen by several premium European manufacturers as a location for the production of passenger cars. This further supports BYD's decision to make Hungary the center of its European manufacturing operations.
The BYD brand has made significant progress in starting the operation of passenger cars in Europe. During the first year, the company established 230 retail stores in 19 countries, introduced five new models (BYD HAN, BYD TANG, BYD ATTO 3, BYD SEAL and BYD DOLPHIN) that cover segments C to E, including hatchbacks and sedans. and SUVs. In addition, three new models are planned for launch over the next 12 months.
Guided by its global brand vision of "Cooling the Earth by 1°C", BYD aims to accelerate the pace of penetration of new energy passenger vehicles into the European market, further deepen its globalization strategy and actively support the green transformation of global energy. structure
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