BYD, a global leader in manufacturing new energy vehicles (NEVs/EVs), has unveiled its next phase of European expansion with the construction of a cutting-edge manufacturing and production center in Szeged, Hungary.
This state-of-the-art facility is groundbreaking as it represents the first-ever passenger car factory established by a Chinese automotive company in Europe. Equipped with an advanced car production line, the facility will be developed in stages, generating numerous local jobs, fostering economic growth, and supporting regional supply chains. BYD has not disclosed the specific car models slated for production in Europe.
According to the Chinese electric vehicle manufacturer, the new production facility will integrate state-of-the-art global technology and employ highly automated production processes, positioning it as a leading global new energy passenger vehicle manufacturing facility. BYD will leverage its expertise in integrated vertical supply chains to contribute to the establishment of a local green ‘ecosystem.’
Hungary, strategically located in the heart of Europe with a robust transportation infrastructure and a rich automotive industry history, is chosen as the ideal site for BYD’s European production operations. The country’s mature infrastructure and well-established industrial foundation have attracted various premium European manufacturers, reinforcing BYD’s decision to make Hungary the focal point of its European production activities.
In its inaugural year of sales in Europe, BYD has introduced five models, including the Seal and the Dolphin, with plans to launch three more within the next 12 months. The BYD brand has rapidly expanded its presence, establishing 230 retailer stores across 19 countries within the first year. These efforts have spanned the C to E segments, encompassing hatchbacks, sedans, and SUVs, showcasing the company’s significant strides in launching passenger car operations in Europe.
BYD’s new energy vehicle portfolio now extends across six continents, over 70 countries and regions, and encompasses more than 400 cities, underscoring the company’s global impact and commitment to sustainable mobility.