Automotive News Europe

BYD’s Ambitions in Europe Grow With Plans for Hungary Factory

BYD's ambitions in Europe grow with plans for Hungary factory
BYD's ambitions in Europe grow with plans for Hungary factory

The Chinese EV giant is targeting a top five market share, and will be adding plug-in hybrids to its full-electric lineup. Both Volkswagen Group and Stellantis have announced their ambitions to dethrone Tesla as Europe’s No. 1 electric vehicle maker. But a new challenger has entered the ring with plans to build a factory in Hungary: BYD, China’s largest brand overall, which has just surpassed Tesla in EV sales for the first time in the fourth quarter of 2023. Read more:

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