BYD will build its first European plant

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In Hungary

Chinese electric vehicle manufacturer BYD plans to build its first plant in Europe. According to Automotive News Europe, which refers to the German newspaper Frankfurter Allgemeine Sonntagszeitung, the plant will be located in Hungary.

According to data published on the government website of the city of Shenzhen, where BYD is headquartered, Hungarian Prime Minister Viktor Orban held a meeting with the head of the Chinese company, Wang Chuanfu. The official position of BYD itself is that a specific location for the construction of the first European plant has not yet been determined, but an announcement about the choice of location is planned to be made by the end of the year.

BYD
BYD

BYD will build its first European plant

BYD is already successfully selling its electric vehicles in Europe. In February of this year, the company’s vice president, Stella Lee, expressed her intention to localize production in Europe. At first, it was proposed to buy the Ford plant in the German city of Saarlouis, where the Focus is currently produced, but the company’s management stated that they would prefer to build the plant from scratch.

It was previously reported that BYD’s first European plant could be located in Germany, France or Spain. BYD currently offers five car models in Europe: Atto 3, Tang, Han, Dolphin and Seal. The latest of them hit the market in early fall and is a sedan that is comparable in most characteristics to the popular Tesla Model 3, but at the same time surpasses it in power reserve.