BYD Plant

Shenzhen-based UBTech, a maker of humanoid robots and smart service robots, made its debut on the Hong Kong stock market today with a market capitalization of HK$38 billion.

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.

The Seagull, the least expensive model under the BYD umbrella, sold 43,350 units in October, making it the second-highest selling BYD model.

Indian officials raised security concerns about Chinese investment in India during deliberations, according to a report in the local Economic Times.

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.

Currently in production is the first phase of BYD's Zhengzhou base, with a planned annual capacity of 400,000 vehicles.

BYD has asked some workers at its Xi'an plant to work only four days a week and shifts at its Shenzhen plant have been reduced from three shifts a day to two shifts a day, according to a report from Reuters.

On March 10, BYD held a groundbreaking ceremony for the plant in Thailand, and the delivery ceremony for the 10,000th BYD Atto 3.

A BYD executive said BYD will sell around 1.88 million units this year, suggesting December sales are expected to be around 247,000 units.