BYD to build €20m bus assembly plant in Hungary
BYD has confirmed a €20million investment in a new bus assembly plant in Hungary to help meet its ambitions to produce electric buses, trucks and fork lift vehicles for European markets.
The new plant in northern Hungary at Komárom will eventually employ up to 300 people and be capable of assembling up to 400 vehicles a year on two shifts, according to BYD, with production starting in the first quarter of 2017. The facility will have its own R&D centre and a battery test facility.
"This announcement reinforces our company's commitment to the European market," says Isbrand Ho, BYD Europe managing director. "This is our first manufacturing facility but it won't be our last - we are actively looking for other locations.
"We chose Hungary both because of its central location in Europe and its long tradition of engineering excellence and indeed bus making, as well as the very friendly welcome we have received from the authorities here."
Duan Jielong, Chinese ambassador in Hungary, adds: "BYD, as a Chinese enterprise integrating R&D technology, automobile and new energy, is a pioneer in the aspect of new energy vehicles and has been devoted to realizing zero-emission urban public transportation. It's no surprise that the sales of the BYD electric bus is growing fast in European countries such as the UK, France and the Netherlands as the diesel era comes to an end."