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China's Tesla (BYD) is building its first factory in Europe

China's Tesla (BYD) is building its first factory in Europe

December 22, 2023 at 12:10 pmDecember 22, 2023 at 12:13 pm

The Chinese Foreign Minister announced on Friday that Chinese electric car manufacturer BYD will build its first factory on European soil. Before we reveal which country it is, we ask you.

This is what BYD's factory in China looks like

BYD electric vehicle factory in Changzhou, Jiangsu Province.Image: Cornerstone

epa10974398 People work at a BYD electric vehicle factory in Changzhou, Jiangsu Province, China, November 14, 2023. According to published data, the production of BYD Changzhou base from January to July this year...

The factory has a planned annual production capacity of 400,000 carsImage: Cornerstone

And Europe?

Chinese electric car manufacturer BYD will build its first factory on European soil in Hungary. This was announced by Hungarian Foreign Minister Peter Szijjártó on Friday in Budapest.

The production facility will be built in the southern Hungarian city of Szeged and will employ several thousand people.

Szijjarto added that this is one of the largest investments in Hungarian history. He did not mention a specific investment amount.

(SDA/AWP/DPA)

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