SEHK:1211Auto
BYD Hungary Plant Targets Q4 2026 As EU Tariffs Shape Outlook
BYD (SEHK:1211) plans to start vehicle production at its new Hungary plant in Q4 2026, its first manufacturing facility in Europe.
The company has paused plans for a separate factory in Turkey, indicating a change in how it is approaching European expansion.
Local production in Hungary is intended to help address EU tariffs on Chinese-made electric vehicles.
BYD, listed in Hong Kong under ticker SEHK:1211, is one of the largest electric vehicle and battery producers globally, with a growing...