BYD has announced plans to build a factory in Europe in hopes of bringing its affordable EVs to the masses over here. As the brand picks up steam in sales, it will break ground on its first European factory, with Hungary selected as the location.
A government website in Shenzhen, where BYD is headquartered, posted an article last month saying that Hungarian Prime Minister Viktor Orban met BYD Chairman and President Wang Chuanfu on a visit to the company.
BYD, contacted by Reuters, said that it was still looking for the right location and would make an announcement at the end of the year.
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