Feb 02, 2024 04:47 AM

BUSINESS

BYD Signs Preliminary Agreement to Build First European Car Factory in Hungary

By Yu Cong and Denise Jia

00:00

00:00/00:00

Listen to this article 1x

What’s new: Chinese electric vehicle giant BYD Co. Ltd. has signed a preliminary land purchase agreement to build its first European electric passenger car plant in Szeged, Hungary.

BYD didn’t disclose how much it would be spending on the new plant. The Chinese firm has operated an electric bus plant in Hungary since 2016 and has said it invested 20 million euro ($21.7 million) to build the bus factory.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Asia New Vision Forum Kicks Off in Singapore

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: Former Securities Regulator Yi Huiman’s Corruption Probe

00:00

00:00/00:00

MOST POPULAR

1: Exclusive: Trump Signs Deal Keeping TikTok Online With New U.S.-Controlled Venture

2: Exclusive: Citic Bank’s International Department Chief Becomes Unreachable

3: In Depth: Starbucks, Burger King Overhaul China Strategies

4: Beijing Reins In Hong Kong Crypto Rush, Tells Firms to Scale Back

5: Shanghai Raises Margins on Gold, Silver Amid Fed-Driven Market Frenzy

SPONSORED

OR