BYD Expands Global Presence: New Energy Vehicle Production Facility in Hungary
On Friday, Chinese electric vehicle giant BYD revealed its ambitious plans to construct a cutting-edge energy vehicle production facility in Szeged, southern Hungary. This strategic move is anticipated to foster the creation of numerous local job opportunities, as highlighted in BYD’s official WeChat account statement.
Global Expansion in the Electric Vehicle Landscape
BYD, recognized as Tesla’s (TSLA.O) formidable Chinese competitor, is already operating a plant in Komarom, northwest Hungary, dedicated to the assembly of electric buses. This facility, inaugurated in April 2016, marked a pivotal moment for BYD as it marked the company’s maiden manufacturing venture in Europe.
With over 30 industrial parks and production bases spread globally, including the U.S., Brazil, Japan, and India, BYD continues to fortify its position in the electric vehicle market. The forthcoming Szeged facility not only underscores BYD’s commitment to innovation but also signifies its dedication to meeting the growing demand for sustainable transportation solutions worldwide.
Read More (EV – Tech Foom)
