- Szeged, Hungary gears up for a cutting-edge BEV plant – BYD’s first in Europe.
- New factory is set to ignite thousands of local jobs.
- Vertical supply chain integration set to power up a local green ecosystem supporting the sustainable mission.
BYD’s European hub in Szeged: pioneering BEV plant ignites jobs and green innovation
BYD, the driving force behind new energy vehicles (NEV) globally, is gearing up for a groundbreaking move in Europe with the launch of a manufacturing and production centre in Szeged, Hungary. This avant-garde facility, the first of its kind by the Chinese automotive titan in Europe, will boast a cutting-edge car production line that redefines innovation. Unfolding in strategic phases, this factory isn’t just about revolutionising the automotive landscape – it’s about injecting vitality into the local job market, catalysing economic vigour, and empowering regional supply chains with a jolt of forward momentum.
The upcoming production facility is set to embody the pinnacle of cutting-edge global technology, employing highly automated production processes to establish itself as a premier global hub for manufacturing new energy passenger vehicles. This construction project isn’t just about building a facility – it’s about fostering a dynamic exchange of technology and innovation between China and Hungary, breathing new life into the local economy. Leveraging its proficiency in integrated vertical supply chains, BYD aims not just to build a factory, but to cultivate a green ‘ecosystem’ locally, contributing to a sustainable and technologically vibrant future.
Nestled in the heart of Europe, Hungary emerges as a pivotal transportation hub. The country’s mature infrastructure and well-forged industrial foundations have made it the preferred production destination for numerous esteemed European car manufacturers. Given Hungary’s track record as a hub for crafting premium passenger cars and its strategic location, BYD’s choice to establish its European production operations in Hungary is a testament to the nation’s automotive excellence and underscores the alignment of BYD’s vision with Hungary’s rich automotive heritage.
BYD has swiftly established a robust presence in the European passenger car market, with 230 retailer stores in 19 countries within its first year. The brand introduced five new models spanning hatchbacks, sedans, and SUVs, covering the C to E segments (BYD HAN, BYD TANG, BYD ATTO 3, BYD SEAL, and BYD DOLPHIN). Looking ahead, it plans to launch three more models within the next 12 months, showcasing its commitment to innovation and market responsiveness.
In pursuit of its visionary goal to “Cool the Earth by 1°C,” BYD stands at the forefront of accelerating new energy passenger vehicle adoption in Europe. This strategic move not only bolsters BYD’s global expansion but also signifies a proactive role in steering the green transformation of the global energy landscape. As BYD deepens its globalisation strategy, it reaffirms a commitment to driving positive change, fostering sustainable mobility, and leaving an indelible mark on the journey toward a greener and more environmentally conscious future.
