BYD Planning 4 Factories in Europe

BYD has started production at its first European plant in Hungary and will choose a site for a second by year-end, preferably in Spain or France. The company plans three assembly plants and one battery factory in Europe to avoid high EU tariffs on Chinese EVs.

• First BYD plant in Hungary has started production
• Second site to be chosen by year-end: Spain or France
• Company aims to buy and upgrade an existing plant, not build from scratch
• Plan: three assembly plants and one battery factory in Europe