BYD plans to expand its Hungarian bus factory with an additional 29,000 square meters of production facilities, increasing annual capacity for electric buses and trucks.
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Category: BYD Hungary
The first model to be produced at BYD's Hungarian factory will be the Seagull. Europe's first 1-MW BYD chargers will be deployed next year.
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BYD will delay mass production at its Hungarian EV plant until 2026 and will operate the plant below capacity for at least the first 2 years, according to Reuters.
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BYD will open its European headquarters and a new European R&D center in Budapest.
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The Sealion 07 has been renamed the Sealion 7 in Hungary and is BYD's sixth model there.
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BYD plans to have the Hungarian plant, which will produce passenger car models for sale in Europe, up and running within three years.
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It will be BYD's first passenger car factory in Europe and it will produce electric vehicles.
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BYD will build an NEV production facility in the Hungarian city of Szeged, which will be constructed in phases and is expected to create thousands of local jobs.
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BYD plans to build a new factory to produce EVs and batteries in Szeged, southern Hungary, according to the Financial Times.
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BYD has entered 19 European countries since announcing its entry into the European passenger car market at the Paris auto show in 2022.
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