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01 Feb
05:44

BYD Hungary, Szeged sign land agreement for EV plant

BYD Auto Hungary has signed a preliminary sale and purchase agreement with the municipality of Szeged to build its upcoming passenger vehicle factory in Hungary, Kallanish learns from BYD. “This marks a new substantial breakthrough in BYD’s localisation process in Europe,” the Chinese EV and battery manufacturer said in a social media post on 31 January. The specific investment figure and planned production capacity have not been disclosed.&…
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