BYD, the world’s leading manufacturer of new energy vehicles (NEVs / EVs), has announced the next stage of its European strategy: the construction of a brand-new manufacturing and production centre in Szeged, Hungary.
The state-of-the-art facility will be the first of its kind built by a Chinese automotive company in Europe and will have the advanced car 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. BYD has not specified which models it plans to manufacture in Europe.
As per the Chinese EV maker, the new production facility will incorporate the most advanced global technology and highly automated production processes to create a leading global new energy passenger vehicle manufacturing facility. BYD will also utilise its expertise in integrated vertical supply chains to help create a green ‘ecosystem’ locally.
Situated in the heart of Europe, Hungary is an essential transportation hub and boasts a rich history of expertise in the automotive industry. With a mature infrastructure and a well-established industrial foundation, Hungary has been chosen by several premium European manufacturers as a production location for passenger cars. This further supports BYD’s decision to make Hungary the centre of European production operations.
BYD has, in its first year of sales in Europe, launched five models including the Seal (left) and the Dolphin (right). It plans to launch 3 more in 12 months.
The BYD brand has made significant progress in launching its passenger car operations in Europe. Within the first year, the company has established 230 retailer stores across 19 countries, introduced five new models (Han, Tang, Atto 3, Seal, and Dolphin), spanning the C to E segments, including hatchbacks, sedans, and SUVs. Additionally, three new models are planned to be launched within the next 12 months.
BYD’s new energy vehicle footprint now covers 6 continents, over 70 countries and regions, and more than 400 cities.