Chinese BYD Will Open Another Factory After Hungary

Chinese BYD Will Open Another Factory After Hungary

Chinese BYD, which opened its first factory in Europe in Hungary, is now planning to establish a factory in Mexico to increase its claim in the North American market.

Recently, Chinese manufacturer BYD's expansion plans in Europe have accelerated. After it was revealed that BYD would sell electric cars in Germany and Sweden, the company decided to add new ones to these countries.

The brand, which has started selling vehicles in some European countries, including Turkey, is also considering establishing a factory in Europe and making production there.

BYD, the world's largest electric and rechargeable hybrid vehicle manufacturer, will start producing electric passenger vehicles for European markets in Szeged, Hungary, within the next 3 years.

According to sources, BYD plans to establish an electric vehicle factory in Mexico to increase supply chain efficiency and reduce costs for the North American market.

BYD Mexico President Zhou Zou, in his interview on this issue on February 14, described Mexico as a critical market with significant potential.

According to the agreement made between the USA, Mexico and Canada, in order for the electric car sold to benefit from the benefits provided by the government, at least 75 percent of its parts must be produced in one of these three countries.

The Chinese manufacturer has already started sales of electric cars such as Han, Tang, Atto 3, Dolphin and Seal in Mexico.

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