BYD is expected to soon announce a decision about the location of its first European electric car factory. It might be located in Hungary, according to a rumor.
BYD is expected to soon announce a decision about the location of its first European electric car factory. According to German newspaper The Frankfurter Allgemeine Sonntagszeitung , via Reuters), the European plant will be built in Hungary. The information is unofficial, based on 'unnamed sources close to BYD' who indicate that 'the decision had already been made internally.
The world's largest lithium-ion EV battery manufacturer CATL is already building a massive 100-gigawatt-hour factory in the country. BYD has become the world's largest plug-in electric car manufacturer and, in the third quarter, basically matched Tesla in terms of all-electric car sales volume . With a record 300,000+ sales a month in October, and surging exports to over 30,000 units last month , the Chinese manufacturer is now looking into overseas markets.
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