BYD will develop electric cars in Europe

The Chinese auto giant plans to create a European center in Hungary, said BYD CEO Wang Chuang at a press conference with the country’s prime minister Viktor Orban, which took place in Budapest. It is reported by Automotive News Europe. Thus, BYD will be fixed even more in the country where a large car harvesting enterprise is already building.

The new European center by BYD will create about two thousand jobs, promised Van Chuanfu. He will have three main functions: after -sales service, development and testing of localized models.

BYD in Hungary has an assembly enterprise – this is a plant for the production of electric buses in the city of Komar, which has been operating since 2016. Now the company is building the second Hungarian plant, where they will collect electrified models. Earlier it was reported that the enterprise in Seged will become “one of the largest investments in the economic history of Hungary.”

While other European countries are striving to protect their own industry from the Chinese, Hungary willingly accepts the investments of oriental partners. Moreover, Orban chose a policy of rapprochement with Beijing immediately after coming to power in 2010.

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BYD entered the European market in 2022. Sales began with three electric cars: ATTO 3 crossovers, a large Tang SUV and Han sedan. Later, the line was replenished by the Dolphin hatchback and the Seal sedan.

In the first quarter of 2025, BYD set a sales record. For three months, he managed to realize more than 416 thousand electric cars, which is almost 40 percent more than a year ago. The demand for hybrids has grown even more – by 76 percent, up to 570 thousand units. In March only in March, 206 thousand cars (+111 percent) were delivered.

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