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Home > Finance > China's BYD plans to establish European centre in Hungary, CEO says

Finance

China's BYD plans to establish European centre in Hungary, CEO says

Published by Global Banking and Finance Review

Posted on May 15, 2025

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BUDAPEST (Reuters) -Chinese electric vehicle giant BYD expects to establish a European centre in Hungary, CEO and President Wang Chuanfu said on Thursday at a news conference with Hungarian Prime Minister Viktor Orban in Budapest.

Hungary has cultivated deeper economic ties with China and the Chinese group had said in 2023 it would build a new energy vehicle production base in Hungary, creating thousands of jobs.

(Reporting by Anita Komuves, writing by Jason Hovet)

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