BYD: Hungarian plant plans to start production by the end of this year with a peak production capacity of 300,000 vehicles

2025-07-24 09:22:41

In response to rumors that BYD's Hungarian factory has been delayed in mass production and that its production capacity is lower than planned, BYD said today, "Our plans in Europe are long-term. The construction progress of the Szeged factory in Hungary is in full compliance with expectations, and the project is still proceeding as scheduled, with plans to start production before the end of this year. The planned production capacity of the factory also remains unchanged, with a target peak capacity of 300,000 vehicles. We are currently certifying the qualifications of 150 European suppliers to further strengthen the local supply chain system."

BYD

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Novo Nordisk (NVO.N): The downward revision of its fiscal year sales forecast is related to declining sales of its weight loss drug Wegovy in the United States.
                            2025-07-29

                                    Toyota Motor Corp. is expected to decide as early as Wednesday evening whether to resume operations at its Japanese factories.
                            2025-07-30

                                    The world's first active safety AI battery cell goes into mass production
                            2025-07-27

                                    CATL's losses widened in the afternoon, with A shares falling more than 4% to below 280 yuan and H shares falling more than 7%.
                            2025-07-30

                                    BYD: Sales of new energy vehicles in July were 344,296 units. The cumulative sales of new energy vehicles from January to July were 2,490,250 units, a year-on-year increase of 27.35%.
                            2025-08-01