BYD to open first European car factory in Hungary ...Middle East

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BYD to open first European car factory in Hungary
China’s BYD, the world’s biggest electric-car manufacturer, will build its first European factory in Hungary, Reuters reports, citing the Frankfurter Allgemeine. A government website in Shenzhen, where BYD is based, posted an article last month saying that Viktor Orban, the prime minister of Hungary, had met Wang Chuanfu, the founder of BYD, on a visit to China. BYD has two bus assembly factories in France and another in Hungary. This last began production in 2017 and the company has sold more than 600 electric buses in 12 European countries. Building a car factory in the EU would give BYD access to the European market, and could limit Brussels’ options in protecting the EU’s dom

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