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BYD to Invest $94 Million to Triple Electric Bus Output in Hungary
17 Articles
17 Articles
What is at stake here is significant for BYD, the Chinese automotive giant, who has decidedly put his eyes on Hungary as a key center of its operations in Europe. According to the original report, the company plans an investment of 32 billion forints ($94 million) to establish a new plant in the city of Komarom. This facility will triple BYD’s production capacity to 1,250 buses and electric trucks per year. All this has been confirmed by Hungary…
BYD Brings Another Major Investment to Hungary
Chinese company BYD is bringing another major investment to Hungary, with the world-leading electric vehicle (EV) manufacturer set to construct a new electric bus plant in Komárom, Hungarian Minister for Foreign Affairs and Trade Péter Szijjártó announced on Friday. According to Szijjártó, the new facility will create 620 jobs and represents an investment valued at HUF 32 billion. The project will include the establishment of a research and deve…
Electric buses will be produced in Komárom
China’s EV makers gain ground in global rankings
AI-generated visualisation of the global EV race between BYD and Tesla. By Niu Yuhan Tesla and BYD have retained their lead in the global electric vehicle (EV) race, with Chinese manufacturers taking half of the top 10 spots in a new ranking of EV makers worldwide. On 18 June, the International Council on Clean Transportation (ICCT) released its Global Automaker Rating 2024/2025, which evaluates the electrification and decarbonisation progress o…
The Chinese company BYD Co Ltd will invest 32 billion dollars (94 million dollars) in a new factory in Kokorom, northern Hungary, transfer Xinhua and Reuters.
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