Chinese electric vehicle manufacturer BYD plans to set up a European centre in Hungary as part of its strategy to expand its presence on the continent, according to company officials and Hungarian authorities.
The new facility will create approximately 2,000 jobs and serve as a base for sales and after-sales services, vehicle testing, and the development of locally tailored models.
See also: BYD Launches Sealion 7 SUV in Hungary Amid Overseas Expansion
The announcement was made during a joint news conference held in Budapest with Hungarian Prime Minister Viktor Orban.
BYD, which already operates an electric bus assembly plant in Komarom, northwest Hungary, has been steadily increasing its footprint in the country. Construction is currently underway on a second plant that will produce electric passenger vehicles.
Hungary has become a key investment destination for Chinese companies, particularly in the electric vehicle and battery sectors.
See also: BYD, BMW Plants in Hungary to Begin Production in H2 2025, Aiding Economic Growth
The Orban government has pursued closer ties with China since 2010, in contrast to some EU member states that are seeking to reduce their economic dependence on the country.
