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BYD to Expand European Workforce to 40,000, Start Hungary Production
InterfaxLO·CN · HU·about 11 hours ago
BYD is considering adding two more car factories in Europe, with France on the shortlist due to competitive energy costs. This signals continued Chinese EV expansion into Europe despite potential trade barriers, and could reshape local manufacturing dynamics.
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BYD is confirmed to be expanding its European workforce to 40,000 by 2030 and initiating production in Hungary. Concurrently, BYD is reportedly considering additional manufacturing facilities in France, indicating a strategic shift towards localized production to mitigate anticipated EU tariffs on Chinese EVs. The full scope and timeline of these additional investments remain uncertain.