BYD will start its first electric vehicle factory in Europe in Hungary.

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China's BYD is opening its first European EV production factory in Hungary. Hungary's foreign minister says it will create thousands of jobs.

The factory will be one of the biggest investments in Hungary's history. The government will give BYD financial incentives.

Hungary wants to be a hub for EV manufacturing. Companies like Samsung and China's CATL have built factories there.

BYD already has a bus plant in Hungary. The Szeged factory will be their first major European car factory.

Szeged's mayor says the city's location helped it get the factory. Hungary had 224 talks with BYD before they decided to build the factory.

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Where is China's BYD opening its first European EV production factory?

Hungary

What will the factory create in Hungary?

Thousands of jobs

What is Hungary's goal in terms of EV manufacturing?

To be a hub for EV manufacturing

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