why stop at 'batteries' when you can build the car..
China EV maker BYD to build first Europe plant in Hungary, Frankfurter Allgemeine Sonntagszeitung reports
Reuters
November 4, 2023
A BYD's electric vehicle (EV) Qin moves on a street in Beijing, China October 31, 2023.
REUTERS/Tingshu Wang/ File Photo Acquire Licensing Rights
FRANKFURT, Nov 4 (Reuters) - Chinese electric vehicle giant BYD (002594.SZ), plans to build its first European car factory in Hungary, a German newspaper reported on Saturday.
The Frankfurter Allgemeine Sonntagszeitung (FAS), citing unnamed sources close to BYD, said the decision had already been made internally.
A government website in Shenzhen, where BYD is headquartered, posted an article last month saying that Hungarian Prime Minister Viktor Orban met BYD Chairman and President Wang Chuanfu on a visit to the company.
BYD, contacted by Reuters, said that it was still looking for the right location and would make an announcement at the end of the year.
The Hungarian government did not immediately respond to requests for comment.
Reporting by Brenda Goh, Jason Xue, Krisztina Than, and Tom Sims; editing by Jason Neely
reuters.com
China EV maker BYD to build first Europe plant in Hungary, paper says
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