🏗️ Major project in Komárom: New e-bus factory under construction
- BYD $1211 (-0,57%) is expanding its existing electric bus factory in Komárom, Hungary massive expansion
- 80 million euros investment sum
- 620 new jobs will be created
- Support from the Hungarian government (7.8 million euros funding)
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🇨🇳🤝🇭🇺 China as an important partner for Hungary
- Hungary is the European country with the most Chinese investment
- 2023: 44 % of Chinese investments in Europe went to Hungary
- A total of 30,000 new jobs through Chinese projects
- Minister Szijjártó: East-West cooperation as an opportunity, not a threat
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🌍 BYD's expansion course in Europe
- Next to Komárom:
- Construction of the first European passenger car plant in Szeged
- Relocation of European headquarters & R&D center to Budapest
- BYD has already been producing buses in Hungary since 2017
- With the expansion: Tripling the production capacity
- Increase from 400 to up to 1,250 e-buses per year
Source:
https://www.businessinsider.de/wirtschaft/byd-baut-fabrik-in-ungarn-fuer-millionen-aus/
