PHOTOS: Chinese BYD launches huge expansion at Hungary bus plant

BYD plant in Kormárom
Photo: MTI

China’s BYD laid the cornerstone of a HUF 32bn expansion at its electric bus manufacturing base in Komárom (Northwestern Hungary) on Friday.

Minister of Foreign Affairs and Trade Péter Szijjártó said the government was supporting the investment, which would create 620 jobs, with HUF 3.1bn. He added that capacity of the base would triple to 1,250 vehicles a year and a test laboratory for R+D would be set up.

BYD Szijjártó
Photo: FB/Szijjártó
BYD Komárom
Photo: FB/Szijjártó

Szijjártó noted that BYD was also building a passenger car plant in Szeged (SE Hungary), its first in Europe, and setting up a European HQ and R+D centre in Budapest.

BYD Komárom
Photo: FB/Szijjártó

Szijjártó said Hungary had profited much from East-West cooperation, noting that the country had attracted 31pc of Chinese FDI in Europe in 2024 and 44pc in 2023.

BYD Komárom
Photo: FB/Szijjártó

Hungary’s government has supported 64 big Chinese investments with a value of HUF 5,500bn over the past ten years, projects that created 30,000 jobs, he added.

Read also:

  • Chinese carmaking giant BYD strengthens its positions in Hungary – read more HERE
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