<div id="readability-page-1"><div id="ctl00_CPI_dvBody"><div><div><p>Add <img src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/RTTNews-Logo-224x61.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/RTTNews-Logo-224x61.png"/> as your preferred news source on Google</p><div><p><img src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/google.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/google.png"/> Add Now</p></div></div></div><p> BYD has revealed plans to set up a new electric vehicle production facility in Szeged, which will be the company's first manufacturing plant for passenger cars in Europe.</p><p>This cutting-edge factory will be built in stages and is projected to generate thousands of jobs, help local suppliers, and enhance the regional <span>economy</span>. It'll feature automated production lines and leverage BYD's global manufacturing expertise.</p><p>The choice of Hungary was influenced by its solid automotive history, its central location in Europe, and its well-established infrastructure. This new plant is likely to boost cooperation between China and Hungary through sharing <span>technology</span> and fostering innovation.</p><p>BYD has been making strides in Europe, with over 230 retail locations in 19 countries and a lineup that includes the BYD HAN, TANG, ATTO 3, SEAL, and DOLPHIN. They're also gearing up to roll out more models in the coming year.</p><p>This factory fits into BYD's larger strategy to speed up electric vehicle adoption across Europe while pushing its global growth, all part of the company's mission to promote cleaner energy and cut down emissions. </p><p>For comments and feedback contact: editorial@rttnews.com</p><p>Business News</p></div></div>

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<p>BYD plans to establish its first electric vehicle factory in Szeged, Hungary, marking its entry into European passenger car manufacturing. The facility will be built in stages, creating thousands of jobs and supporting local suppliers. It will utilize automated production lines and BYD's global manufacturing expertise. Hungary's strong automotive history and infrastructure influenced the location choice. This initiative aims to enhance cooperation between China and Hungary, promote electric vehicle adoption in Europe, and align with BYD's mission for cleaner energy and reduced emissions.</p>

- BYD plans to establish its first electric vehicle production facility in Szeged, Hungary, aiming to generate thousands of jobs and boost the local economy.  
- The factory will feature automated production lines and benefit from Hungary's strong automotive history and infrastructure.  
- This initiative aligns with BYD's strategy to accelerate electric vehicle adoption in Europe and promote cleaner energy globally.

BYD Is Set To Open Its First EV Factory In Hungary