Chinese electric vehicle manufacturer BYD has announced plans to significantly expand their presence in Europe with a new production facility and a large-scale charging rollout. The company is getting ready to construct a factory in Hungary capable of producing up to 200,000 electric cars annually by mid-2026. This major move is aimed at reducing shipping emissions, avoiding EU import tariffs and creating a large number of local jobs.
The car manufacturer also intends to expand its retail and service network to more than 2,000 outlets across the continent within two years to meet rising demand. At the same time, they’re preparing a network of ultra-fast “megawatt” chargers at key locations to improve access to reliable, high-speed charging—long considered a major barrier to widespread EV adoption.
The strategy marks BYD’s most ambitious and significant European push to date. The bold move puts the manufacturer in direct competition with Tesla and several established European carmakers. By combining local manufacturing with upgraded infrastructure, BYD’s objective is to make its models more price-competitive in the local market while accelerating the region’s transition to zero-emission transport.
Source: businessinsider.com
