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China’s Tesla (BYD) is building its first factory in Europe – and guess where!

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Chinese electric car manufacturer BYD will build its first factory on European soil, the Chinese Foreign Minister announced on Friday. Before we reveal which country it is, we ask you.

epa10974398 People work at the BYD electric car factory in Changzhou, Jiangsu province, China, November 14, 2023. According to published data, the BYD Changzhou base's production from January to July this year...

And Europe?

Chinese electric car manufacturer BYD will build its first factory on European soil in Hungary. Hungarian Foreign Minister Peter Szijjarto announced this on Friday in Budapest.

The production facility will be built in the southern Hungarian city of Szeged and will employ several thousand people.

It is one of the largest investments in Hungarian history, Szijjarto said. He did not mention a specific investment amount.

(sda/awp/dpa)

Source: Watson

Ella

I’m Ella Sammie, author specializing in the Technology sector. I have been writing for 24 Instatnt News since 2020, and am passionate about staying up to date with the latest developments in this ever-changing industry.

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Ella

I'm Ella Sammie, author specializing in the Technology sector. I have been writing for 24 Instatnt News since 2020, and am passionate about staying up to date with the latest developments in this ever-changing industry.

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Ella

China’s Tesla (BYD) is building its first factory in Europe – and guess where!

And Europe?

Ella

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