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BYD to build first European passenger-car plant in Hungary

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Story summary
  • BYD is launching its first European passenger-car assembly plant in Hungary.
  • BYD aims to select a second European manufacturing site by end-2026.
  • BYD plans three European assembly plants and one battery plant, targeting Spain and France for existing factories.
  • BYD showcased the ETT 44 electric tractor unit and targets delivering its first heavy-duty electric truck in Europe by Q2 2027.