Headlines
China's BYD to start Hungary EV plant by end-2025, executive says
Published by Global Banking & Finance Review®
Posted on September 8, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 8, 2025
1 min readLast updated: January 22, 2026
BYD plans to launch EV production in Hungary by 2025 with the Dolphin Surf model, marking a strategic expansion into Europe.
(Reuters) -China’s BYD will start production at its new electric-vehicle plant in Hungary by the end of 2025, an executive said on Monday.
"This shows we are in Europe to stay," BYD's Executive Vice President Stella Li said during a press event at the Munich car show.
The first model off the line will be the Dolphin Surf compact electric car.
The news follows a Reuters report in July that BYD was considering delaying mass production in Hungary until 2026 and operating the plant below capacity for at least the first two years.
(Reporting by Nick Carey; Writing by Rishav Chatterjee in Bengaluru; Editing by Tasim Zahid)
An electric vehicle (EV) is a type of vehicle that is powered by electricity instead of traditional fuels like gasoline or diesel. EVs use electric motors and batteries to operate.
Manufacturing is the process of converting raw materials into finished products through the use of machinery, tools, and labor. It plays a crucial role in the economy.
Sustainability refers to the ability to maintain certain processes or states indefinitely. In business, it often involves practices that do not deplete resources or harm ecological systems.
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