BYD has announced plans to expand its operations in Hungary by constructing a new facility in Komárom. The investment of 32 billion forints will increase production capacity to 1,250 electric buses and trucks annually. Hungarian officials, including Foreign Minister Péter Szijjártó, emphasized the significance of the partnership with China as an opportunity. The Hungarian government will contribute a grant of 3.1 billion forints. Since starting operations in 2017, the Komárom site has been pivotal in Hungary's bus manufacturing sector amidst growing efforts to bolster electric mobility and battery production capabilities.
BYD is expanding its production capacity in Europe with a new facility in northern Hungary, investing 32 billion forints to triple local capacity to 1,250 electric buses and trucks annually.
Hungarian Minister Péter Szijjártó highlighted the strategic partnership with China, stating that cooperation should be viewed as a significant opportunity, supported by a government grant of 3.1 billion forints.
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