The BYD headquarters in Shenzhen has a lot to offer not only car enthusiasts, but also history buffs.Continue reading
China’s ambassador to Hungary, Gong Tao, visited Szeged (southern Hungary) last Thursday, where he was received by Mayor László Botka. Together they toured the grounds of the Chinese BYD factory currently under construction, Delmagyar.hu reports.
“What we promised BYD during the negotiations last year has been fulfilled. We are in an extremely impressive construction phase, mainly due to the fact that everyone knows what they are doing,” emphasized the Mayor of Szeged.
The largest building of the plant will be 800 meters long and 200 meters wide, 167,000 square meters in size. It will indeed be the largest building in Szeged,”
explained László Botka.
Ambassador Gong Tao assured the attendees of the importance of environmental protection, and of the maximum compliance with all regulations. In addition, he praised the mutual benefits and successes achieved by the two countries, and referred to the “One Belt, One Road” initiative, which Hungary was the first EU Member State to join.
During the visit, it was also announced when the first BYD will roll off the production line in Hungary: almost a year to the day.
This means that the first BYD in Hungary could be complete on November 7, 2025; the milestone is only a year away.
Good news for the Chinese company BYD, which is building its first European car factory in Szeged, is that sales of electric and hybrid cars in the EU increased significantly between 2017 and 2023, based on Eurostat data. Last year, 44 percent of all cars imported into the EU were electric or hybrid vehicles, a significant increase from eight percent in 2017.
BYD last week reported sales of 201.12 billion yuan (28.24 billion US dollars) for the three months to September 30, up 24 percent year-on-year. This surpassed Tesla’s reported revenue of 25.18 billion US dollars for the same period, Világgazdaság reported.
Via Delmagyar.hu, Világgazdaság; Featured image: Hungary Today