BYD Picks Hungary For Its First European EV Factory Site - Bloomberg

BYD Co. plans to build its first European car factory in Hungary, rewarding Prime Minister Viktor Orban for years of courting China for investments.

The plant in the southern city of Szeged will produce EVs and plug-in hybrids for the European market and create thousands of jobs, BYD said Friday. The investment comes a few months after Brussels announced a probe into state subsidies to Chinese EV makers, and might help BYD dodge any resulting import tariffs.

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BYD Picks Hungary For Its First European EV Factory Site - Bloomberg
"Factory" - Google News
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