India, April 14 -- BYD has revealed plans to set up a new electric vehicle production facility in Szeged, which will be the company's first manufacturing plant for passenger cars in Europe.
This cutting-edge factory will be built in stages and is projected to generate thousands of jobs, help local suppliers, and enhance the regional economy. It'll feature automated production lines and leverage BYD's global manufacturing expertise.
The choice of Hungary was influenced by its solid automotive history, its central location in Europe, and its well-established infrastructure. This new plant is likely to boost cooperation between China and Hungary through sharing technology and fostering innovation.
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