Published by Global Banking & Finance Review®
Posted on June 25, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleBYD has chosen voestalpine as the steel supplier for its Hungarian plant, marking a key step in its localization strategy.
BEIJING (Reuters) -Chinese automaker BYD said it signed an agreement with Austrian steelmaker voestalpine on Tuesday, selecting it as the steel supplier for BYD's passenger vehicle plant in Hungary.
The cooperation marks an important step in BYD's localisation strategy, the company said in its statement posted on its social media account on Wednesday.
(Reporting by Beijing Newsroom. Editing by Janer Merriman)
BYD has named Austrian steelmaker voestalpine as the steel supplier for its passenger vehicle plant in Hungary.
The cooperation marks an important step in BYD's localisation strategy, indicating their commitment to local sourcing.
The agreement was signed on Tuesday, as reported by BYD in a statement posted on its social media account on Wednesday.
Explore more articles in the Finance category
