Tuesday 22/July/2025 – 02:34 PM
Two informed sources stated that the Chinese company BYD will postpone the huge production in its new electric cars factory in Hungary until 2026, and the factory will work with less than its production capacity during the first two years at least.
BYD postpons huge production in its new factory in Hungary
According to Reuters, the Chinese auto manufacturer, a pioneer in car production, will start caring cars at a early time than expected in a new factory in Turkey, where labor costs are less, and will exceed the declared production plans significantly, according to one of the exporters.
The transformation of production will be far from Hungary for Turkey, a setback for the European Union, which was hoping to attract customs definitions on electric cars manufactured in Chinese Chinese investments and high -wage manufacturing functions.
The two sources added that the BYD factory, which costs 4 billion euros (4.64 billion US dollars), will find, south of Hungary, will start huge production in 2026, but it will only produce a few tens of thousands of vehicles that year.
