BYD CHOOSES HUNGARY FOR EUROPEAN BUS ASSEMBLY PLANT
BYD, the fast growing Chinese supplier of pure electric buses to cities across Europe, today confirmed its commitment to the market with the announcement of a plant to be built in the northern Hungarian city of Komárom.
The plans require an investment of €20 million in a bus assembly plant which will eventually employ up to 300 people and be capable of assembling up to 400 vehicles a year on two shifts.
Initial output will be BYD’s range of emissions free electric buses and fork lift trucks but the Hungarian subsidiary’s name – BYD Electric Bus & Truck Hungary Kft – hints at other ambitions. The Hungarian plant will begin production in the first quarter of 2017. It will have its own R&D Centre and battery test facility.
Speaking at a ceremony at the Hungarian Ministry of Foreign Affairs and Trade in Budapest today, Isbrand Ho, BYD Europe’s Managing Director, said: “Today’s announcement reinforces our company’s commitment to the European market. This is our first manufacturing facility but it won’t be our last – we are actively looking for other locations”.
BYD chose Hungary both because of its central location in Europe and its long tradition of engineering excellence and indeed bus making. In a former era factories in Hungary built thousands of buses every year for the countries of the former eastern bloc.