Chinese Carmaker BYD Selects Hungary for Its First...
China News
January 17, 2024
The chosen site in Szeged aligns with Hungary's strategic role in the Belt and Road Initiative, emphasizing connectivity. The proximity to the Belgrade-Budapest railway, a joint venture between Chinese and local entities, enhances logistical advantages. The phased construction of BYD's plant over three years contributes to Hungary's ambition to solidify its position as a pivotal European hub for electric vehicle and battery production.