Date:
BYD Co. plans to build its first European car factory in Hungary, rewarding Prime Minister Viktor Orban for years of courting China for investments.
The plant in the southern city of Szeged will produce EVs and plug-in hybrids for the European market and create thousands of jobs, BYD said Friday. The investment comes a few months after Brussels announced a probe into state subsidies to Chinese EV makers, and might help BYD dodge any resulting import tariffs.
NewsGala, a modern financial media outlet by Zeni Capital Corp. With 35 years of international finance expertise NewsGala strips away the distractions to provide timely and relevant financial news.
Our mission is to position our readers to have the best information to make profitable financial decisions and set realistic goals.
© 2021 Newsgala.com. All Rights Reserved.
