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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 & Finance Review®

    Posted on May 15, 2025

    1 min read

    Last updated: January 23, 2026

    China's BYD plans to establish European centre in Hungary, CEO says - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    BYD plans a European centre in Hungary, announced by CEO Wang Chuanfu, enhancing economic ties and creating jobs.

    BYD to Establish European Centre in Hungary, CEO Announces

    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)

    Key Takeaways

    • •BYD plans to set up a European centre in Hungary.
    • •The announcement was made by CEO Wang Chuanfu.
    • •Hungary is strengthening economic ties with China.
    • •The project will create thousands of jobs.
    • •BYD's expansion aligns with its 2023 strategy.

    Frequently Asked Questions about China's BYD plans to establish European centre in Hungary, CEO says

    1What is the main topic?

    The main topic is BYD's plan to establish a European centre in Hungary, as announced by CEO Wang Chuanfu.

    2Why is BYD expanding to Hungary?

    BYD is expanding to Hungary to strengthen economic ties and create jobs, aligning with its 2023 strategy.

    3Who announced the new centre?

    The announcement was made by BYD's CEO and President Wang Chuanfu.

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