Etiqueta: Europe

The British are open to new brands and love Tesla-sized cars, which means the BYD Seal U could become a mainstream model.

Chinese electric vehicle manufacturer BYD remains fully committed to its factory project in Szeged, Hungary, and has not altered its production plans, government commissioner István Joó confirmed in response to recent media speculation.

Chinese electric vehicle maker BYD has reportedly decided to decelerate the pace of the scheduled mass production at its €4 billion ($4.64 billion) plant

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BYD is set to delay the start of series production at its Hungarian electric car plant, previously planned for the end of 2025, and will also scale back

Chinese automotive giant BYD has officially confirmed it will bring its ultra-luxury Yangwang brand to Europe, with a lineup of high-performance electric cars with over 1,000 horsepower and unconventional features.

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Chinese giant BYD sold 51,400 vehicles in its domestic market last week, according to insurance registration data released on Tuesday.

BYD's luxury brand Yangwang will enter European market in 2026 as sales fall in China. Yangwang EVs could face 17% tariffs in the EU.

STORY: China's BYD will delay mass production at its new electric vehicle factory in Hungary until 2026 according to sources.And will reportedly run the plant at below capacity for at least the first two years.One source added that at the same time, China's No. 1 automaker will start making cars earlier than expected at a new plant in Turkey where labour costs are lower.Shifting production away from Hungary in favour of Turkey would be a setback for the European Union.It has been hoping that its tariffs on EVs made in China would bring in Chinese investments and well-paid manufacturing jobs.BYD's $4.64 billion plant in southern Hungary, will reportedly start mass production in 2026 but only make a few tens of thousands of vehicles over the whole year.That would be a fraction of the plant's initial production capacity.Meanwhile, one source added BYD's $1 billion plant in western Turkey, will far exceed 150,000 cars in 2027.BYD did not respond to requests for comment.The automaker is building the plant in Hungary to sell cars in Europe tariff free.All the cars it currently sells in Europe are made in China, and subject to EU anti-subsidy tariffs on Chinese-made EV imports.Its total tariff is 27%.