Recently, Chinese new energy vehicle manufacturer BYD has accelerated the pace of deployment in Europe. It is reported that BYD will start to build its first factory in Szeged, Hungary in 2024, which will use advanced global technology and highly automated production processes. When completed, the new plant is expected to create thousands of jobs and have a positive impact on the local economy and chain.
Currently, BYD sells five pure electric models in the European market, including the Han, Tang, atto3, Seal and Dolphin. By 2024, BYD also plans to add three more models to the European market to further expand its market share in Europe. BYD's decision to build its first factory in Szeged, Hungary, is significant. This is the first case of a Chinese domestic brand establishing a production plant in the heart of Europe. It is reported that the plant will be built in phases and is expected to create thousands of local jobs. After completion, the factory will vigorously promote the local economic development and support the construction of the local ** chain.
Hungary is located in the heart of Europe, an important transportation hub and has extensive experience in automotive manufacturing. At the same time, Hungary also has a mature infrastructure and a well-developed industrial base. Several European bus manufacturers have chosen Hungary as their bus production base. BYD's choice to lay out a European production business center in Hungary is precisely because of these advantages.
BYD's move will not only help enhance its competitiveness in the European market, but also further strengthen economic cooperation between China and Europe. With the growing global demand for new energy vehicles, BYD is expected to better meet the needs of the European market and further expand its global market share by establishing a production base in Europe.
In addition, BYD's layout in Europe will also set an example for China's own brands to enter the international market. As Chinese companies continue to expand in the global market, BYD's success story will provide more confidence and motivation for other Chinese companies to promote the development of Chinese brands on the international stage.