US EditionChina's BYD plans to establish European centre in Hungary, CEO says
- Hungarian Prime Minister Viktor Orban announced at a Thursday press conference that BYD will base its European headquarters in Budapest.
- Orban explained this follows Hungary’s strategy to join the electromobility age amid growing Chinese investments and infrastructure cooperation.
- The BYD initiative is expected to generate around 2,000 positions, primarily for engineers with university degrees, and reinforces Hungary's position as a center connecting research efforts and skilled professionals.
- Orban emphasized that Chinese investments are a vital driver of Hungary’s economic development and highlighted the importance of building economic relations with China founded on mutual understanding and respect.
- This partnership suggests Hungary aims to strengthen modernization through Chinese technology while seeking new chapters in EU-China cooperation.
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After leading the Chinese car market, BYD is investing in globalisation, seeking to reach new countries and customers. In a clear position in Europe, the company was planning to go beyond the factories, having...
·Portugal
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China's BYD plans to establish European centre in Hungary, CEO says
Chinese electric vehicle giant BYD expects to establish a European centre in Hungary, CEO and President Wang Chuanfu said on Thursday at a news conference with Hungarian Prime Minister Viktor Orban in Budapest.
·United Kingdom
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Total News Sources45
Leaning Left1Leaning Right5Center6Last UpdatedBias Distribution50% Center
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