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BYD looks to further electrify Europe, selecting Hungary for its first EV production facility

Electrek

As Chinese EV automaker Build Your Dreams (BYD) closes in on current global sales leader Tesla, a massive factor in its strategy includes expansions in the EU. Less than two months after BYD shared plans to expand passenger EV production to Europe, we now know that journey will begin in Hungary.

Hungary 110
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Hungary expects $3B in unutilized Chinese language auto business funding

Baua Electric

Hungary is anticipating 3 billion euros ($3.3 billion) in unutilized Chinese language investments within the automobile sector, additional boosting the central Ecu public as a regional heart within the transition to electrical mobility, International Minister Peter Szijjarto mentioned.

Hungary 52
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CATL to build €7B battery plant in Hungary, its second in Europe

Teslarati

Chinese battery manufacturer Contemporary Amperex Technology Co., billion to build a 100 GWh battery plant in Hungary. The Debrecen, Hungary battery plant would join CATL’s Munich, Germany facility as the second for the company in Europe. . CATL announced on Friday that it would invest €7.34

Hungary 98
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SK IE Technology to supply separators for EV batteries to Sunwoda

Green Car Congress

SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of global market share (according to SNE Research in 2022), to strengthen cooperation in supplying battery separators. This marks SKIET’s first large-scale supply of EV battery separators to a Chinese EV battery manufacturer.

Supplies 199
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BYD Buys Car Distributor in Germany, fueling Push in Europe

Teslarati

Hedin is a Swedish company that distributes other Chinese car brands across Germany, including BYD and XPeng. The Chinese automaker predicts that its overseas market will account for 50% of its total global sales in the future. BYD Automotive GmbH plans to buy Hedin Electric Mobility, a car distributor in Germany.

BYD 123
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BYD Europe hires former Fiat Chrysler COO

Teslarati

BYD has set ambitious goals for its global market expansion. BYD forecasts that its overseas market will account for 50% of its global sales in the future, and Europe plays a significant role in the Chinese automaker’s plans. It currently has its eyes set in either Hungary or Turkey.

Chrysler 114
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BYD EV plant in Mexico under consideration

Teslarati

The Chinese automaker aims to expand its global presence and sees Mexico as an excellent place to reach its goals. BYD is steadily strengthening its global presence. It opened facilities in Thailand this year and announced plans to build a production site in Hungary in the next three years.

Mexico 123