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Chinese BYD to Build Hungarian EV Factory
Hungary is an essential transportation hub and has a rich history of expertise in the automotive industry, according to BYD. With a mature infrastructure and a well-established industrial foundation, Hungary has been chosen by several premium European manufacturers as a production location for passenger cars. “This further supports BYD’s decision to make Hungary the center of European production operations,” the company said. However, there is an ongoing dispute about whether Hungary can maintain its status as an EU member, which could hurt BYD’s plans to have 10% of the market. Continue reading →