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Raine Maida on marriage, music and the Maritimes | SaltWireFRANKFURT - Chinese electric vehicle giant BYD plans to build its first European car factory in Hungary, a German newspaper reported on Saturday.
The Frankfurter Allgemeine Sonntagszeitung , citing unnamed sources close to BYD, said the decision had already been made internally. A government website in Shenzhen, where BYD is headquartered, posted an article last month saying that Hungarian Prime Minister Viktor Orban met BYD Chairman and President Wang Chuanfu on a visit to the company.
BYD, contacted by Reuters, said that it was still looking for the right location and would make an announcement at the end of the year.
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