BYD Establishes European Headquarters and R&D Center in Hungary
BYD, the prominent Chinese electric vehicle manufacturer, is making substantial strides in Europe by establishing its European headquarters and a research and development center in Hungary. This announcement was made by BYD's President and CEO, Wang Chuanfu, during a joint press conference in Budapest with Hungarian Prime Minister Viktor Orbán.
The new facility is expected to create approximately 2,000 job opportunities in various sectors, including sales, after-sales service, testing, certification, and vehicle development. The initiation of this base marks BYD's fifth establishment in Hungary, following the bus factory in Komárom, and additional locations in Fót, Páty, and Szeged, where their future passenger car manufacturing plant will be situated.
This move signifies a deepening of cooperation between China and Hungary. Wang Chuanfu emphasized that this is a "natural step forward" for the Shenzhen-based company as it broadens its operations across Europe. Hungary, recognized as a pivotal center for automotive manufacturing in Europe, is poised to solidify its position in the electric vehicle sector.
Prime Minister Orbán stated that the goal is for foreign investors to bring developmental capabilities to Hungary, highlighting the significance of today’s meeting and agreement.
In terms of performance, BYD reported selling over 4.27 million electric vehicles globally last year, making it the top-selling electric vehicle brand in the world. In Europe, the company is quickly gaining traction, with more than 11,000 vehicles sold in April across 14 countries, surpassing even Tesla. This growing presence in the European market illustrates BYD’s commitment to expanding its footprint and contributing to the region’s green transition.
With a focus on innovation and sustainability, BYD’s expansion into Hungary not only enhances their operational capabilities but also aligns with Hungary's ambitions to become a leader in electric vehicle production. With the construction of the new headquarters and R&D center, BYD aims to leverage local talent and resources while fostering a collaborative environment for future advancements in electric mobility.
This ambitious expansion plan demonstrates BYD's strategic vision to enhance its global presence and strengthen its role in the European automotive market. As the demand for electric vehicles continues to rise, BYD's investment in Hungary is poised to have a significant impact on the automotive landscape, potentially ushering in a new era of electric mobility in the region.
As the world moves toward greener transportation options, BYD’s initiatives in Hungary not only highlight the company’s growth trajectory but also signify important strides toward sustainable development in the automotive industry.
The new facility is expected to create approximately 2,000 job opportunities in various sectors, including sales, after-sales service, testing, certification, and vehicle development. The initiation of this base marks BYD's fifth establishment in Hungary, following the bus factory in Komárom, and additional locations in Fót, Páty, and Szeged, where their future passenger car manufacturing plant will be situated.
This move signifies a deepening of cooperation between China and Hungary. Wang Chuanfu emphasized that this is a "natural step forward" for the Shenzhen-based company as it broadens its operations across Europe. Hungary, recognized as a pivotal center for automotive manufacturing in Europe, is poised to solidify its position in the electric vehicle sector.
Prime Minister Orbán stated that the goal is for foreign investors to bring developmental capabilities to Hungary, highlighting the significance of today’s meeting and agreement.
In terms of performance, BYD reported selling over 4.27 million electric vehicles globally last year, making it the top-selling electric vehicle brand in the world. In Europe, the company is quickly gaining traction, with more than 11,000 vehicles sold in April across 14 countries, surpassing even Tesla. This growing presence in the European market illustrates BYD’s commitment to expanding its footprint and contributing to the region’s green transition.
With a focus on innovation and sustainability, BYD’s expansion into Hungary not only enhances their operational capabilities but also aligns with Hungary's ambitions to become a leader in electric vehicle production. With the construction of the new headquarters and R&D center, BYD aims to leverage local talent and resources while fostering a collaborative environment for future advancements in electric mobility.
This ambitious expansion plan demonstrates BYD's strategic vision to enhance its global presence and strengthen its role in the European automotive market. As the demand for electric vehicles continues to rise, BYD's investment in Hungary is poised to have a significant impact on the automotive landscape, potentially ushering in a new era of electric mobility in the region.
As the world moves toward greener transportation options, BYD’s initiatives in Hungary not only highlight the company’s growth trajectory but also signify important strides toward sustainable development in the automotive industry.
Topics Auto & Transportation）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.