BYD is probably planning a plant in Hungary - Saarlouis out of the running?
According to a media report, the Chinese electric car giant BYD ("Build Your Dream") favors Hungary as the location for its first car factory in Europe. Internally, the decision has been made that the car factory should be built in Hungary, writes the Frankfurter Allgemeine Sonntagszeitung. The newspaper cites unnamed sources close to the company.
According to an official Chinese website, Hungarian Prime Minister Viktor Orbán recently visited the BYD headquarters in Shenzhen, China, where he met with company CEO Wang Chuanfu. Orbán was in China in mid-October. He was one of the few European representatives to attend a summit there to mark the tenth anniversary of the Chinese "New Silk Road" trade project.
When asked, BYD explained that the search for a location was still ongoing and that a decision would be announced at the end of the year. The Hungarian government was initially unable to comment. In recent media reports, BYD was also mentioned as a possible interested party for the Ford plant in Saarlouis, which is threatened with closure.
- The decision by BYD, a prominent Chinese electric carmaker, to potentially establish its first European plant in Hungary, could significantly boost Hungary's automotive industry.
- Viktor Orbán, the Hungarian Prime Minister, recently visited the BYD headquarters in Shenzhen, China, showcasing the country's interest in promoting electromobility and collaborating with Chinese carmakers like BYD.
- Xi Jinping, the Chinese President, and Orbán discussed the potential investment during Orbán's visit to China in mid-October, as part of the tenth anniversary celebrations of the Chinese "New Silk Road" trade project.
- If BYD's plan to establish a factory in Hungary comes to fruition, it could potentially take away the interest shown by BYD in the Saarlouis plant, previously mentioned as a prospective location for the Chinese electric car giant.
Source: www.ntv.de
