BYD has initiated the preliminary phase of its new NEV production facility in Hungary following the signing of a Preliminary Sales and Purchase Agreement in an official ceremony. The new advanced manufacturing plant will be built in Szeged, a city in the South East of Hungary, and produce BYD EVs for the European market. BYD has said that its new plant marks the first time a passenger vehicle manufacturing facility will be established in Europe by a Chinese OEM.

The Signing Ceremony took place in the presence of Péter Szijjártó, Hungary’s Minister of Foreign Affairs and Trade; László Botka, Mayor of Szeged, along with other guests representing the Hungarian government. BYD was represented by Wang Chuanfu, its Chairman and President; He Zhiqi, Senior Vice President of BYD and COO of BYD Auto, and other key BYD representatives.

Construction of the Szeged facility will occur in stages, with the factory expected to be open and operational before 2027, producing a range of eco-friendly BYD models. The OEM’s plant in Hungary follows its establishment of a high-tech eBus production facility in the city of Komarom, which it has been operating since 2016.

The Szeged plant likewise contributes to BYD’s expansion into Europe, where it has established 250 stores across 19 countries and launched six new models (the BYD Tang, BYD Han, BYD Atto 3, BYD Dolphin, BYD Seal, and BYD Seal U) across the C to E segments, catering to various consumer needs in the region. In addition to these vehicles, the OEM confirmed plans to launch two new models for the region later this year.