Chinese carmaker BYD to build its first European electric vehicle factory in Hungary
The new factory from the world’s largest electric automaker is poised to give a significant boost to the local Hungarian economy.
BYD’s manufacturing plant will cover approximately 3 square kilometers and is expected to create approximately 3,000 jobs in Szeged and the surrounding area.
According to Hungary’s government, this initiative represents one of the most substantial economic investments in the country’s recent history.
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