BYD Hungary

BYD plans to expand its Hungarian bus factory with an additional 29,000 square meters of production facilities, increasing annual capacity for electric buses and trucks.

The first model to be produced at BYD's Hungarian factory will be the Seagull. Europe's first 1-MW BYD chargers will be deployed next year.

BYD will delay mass production at its Hungarian EV plant until 2026 and will operate the plant below capacity for at least the first 2 years, according to Reuters.

BYD will open its European headquarters and a new European R&D center in Budapest.

The Sealion 07 has been renamed the Sealion 7 in Hungary and is BYD's sixth model there.

BYD plans to have the Hungarian plant, which will produce passenger car models for sale in Europe, up and running within three years.

BYD will build an NEV production facility in the Hungarian city of Szeged, which will be constructed in phases and is expected to create thousands of local jobs.

BYD plans to build a new factory to produce EVs and batteries in Szeged, southern Hungary, according to the Financial Times.

BYD has entered 19 European countries since announcing its entry into the European passenger car market at the Paris auto show in 2022.

If BYD sets up a power battery assembly plant in Hungary, it will give a boost to supplies to Tesla's Berlin factory, local media said.