Chinese BYD chooses Hungary for European factory investment

Turkiye adventure begins soon for Chinese automobile giant BYD


Also located in Turkey BYDis establishing a new factory in Hungary. Electric car and battery production in this factory to do.

According to the Financial Times, BYD plans to build a new factory for the production of electric vehicles and batteries in the southern Hungarian city of Szeged. An official statement on this subject is expected to be made very soon. BYD already has a bus factory in Hungary. The vehicles that the company will produce in Hungary are of great importance in terms of increasing its market share in the European automobile market, and the vehicles produced in that factory are expected to be brought to markets such as Turkey. Possible to establish a factory in Turkey in the future BYD (Build Your Dreams), It became the company that sold the most electric cars, leaving Tesla behind in the first half of 2023.. The company sold approximately 1.2 million electric vehicles in the first half, It was reported that Tesla, in second place, remained around 888 thousand.. BMW, which has been in the electric car market for a long time, has approximately 220 thousand vehicles Chinese GAC Aion ranks third in the leadership list with approximately 212 thousand vehicles ranks fourth with another German giant, Volkswagen. 209 thousand vehicles was ranked fifth.

YOU MAY BE INTERESTED IN

The last company More than 170 thousand electric vehicles were sold in November And It was announced that this was a new sales record for the company. The company sold 165 thousand electric vehicles in October. November with hybrid vehicles The giant company closed with sales of more than 301 thousand vehiclesas far as we have learned recently, in the total of the third quarter of 2023 increased its market share to 17 percent. In this data given for the fully electric car market, Tesla’s market share is also at 17 percent, and it will surpass its biggest rival, with which BYD equalized in the third quarter, by a considerable margin in the fourth quarter. is being considered.

lgct-tech-game