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93 new news items in the last 24 hours
22 July 14:42

BYD has decided to postpone mass production in Hungary to 2026, focusing on the lower-cost plant in Turkey.

Andreea Lificiu
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International
Credit editorial: TY Lim / Shutterstock.com
BYD has decided to postpone the start of mass production at its plant in Hungary to 2026, where it will run below capacity in the early years. Instead, the company will ramp up production at its plant in Turkey, where labor costs are lower, exceeding initial plans. The move is disadvantageous for the European Union, which had hoped to attract Chinese investment in the auto sector. The plant in Hungary, with a planned capacity of 300,000 vehicles a year, will start with just tens of thousands of units in 2026.

Sources

sursa imagine
Economedia
BYD amână începutul producţiei de masă la noua uzină din Ungaria
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Profit.ro
BYD amână momentul în care va începe producția de masă la noua uzină din Ungaria
sursa imagine
Agerpres
BYD amână momentul în care va începe producția de masă la noua uzină din Ungaria
sursa imagine
Financial Intelligence
BYD amână momentul în care va începe producţia de masă la noua uzină din Ungaria
sursa imagine
Mediafax
BYD amână producția de serie la fabrica din Ungaria. Între timp uzina din Turcia va demara producția mai devreme
sursa imagine
Libertatea
Gigantul chinez BYD amână producția la noua fabrică din Ungaria, dar va produce mai mult în Turcia

ȘTIRI PE ACELEAȘI SUBIECTE

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International
BYD's shares have dropped by over 30%, losing 45 billion dollars in market cap, and the strategy to reduce prices raises concerns.
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Economy
BYD's revenues fell by 8% after the first quarterly profit decline in the last three years, despite robust external sales.
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International
Toyota will build an electric vehicle in the Czech Republic, investing 680 million euros in the expansion of the factory and a battery assembly unit.
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News
Toyota will produce a fully electric model in the Czech Republic, investing 680 million euros in the expansion of the factory and building a battery plant.
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Moldova
The Chinese electric vehicle manufacturer BYD will officially enter the market in Moldova on September 19, providing access to models built for Europe.
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Economy
China's electric car companies are increasing their foreign investment, outpacing domestic funds for the first time, according to a Rhodium Group report.
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BYD procrastination production Hungary Turkey

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