China and Hungary are hitting the accelerator on their technological partnership, and it's all thanks to electric vehicles! 🚗⚡ In a move that's sparking excitement across Europe, Chinese automaker BYD is expanding its footprint in Hungary, bringing green tech and new jobs to the heart of the continent.
BYD's European Adventure Begins
Back in January, BYD signed a land pre-purchase agreement with the government of Szekszard, a charming city in Hungary. This was a major pit stop in BYD's journey to localize its operations in Europe. Just a month later, Hungarian roads welcomed the first batch of BYD's ATTO 3 electric cars, turning heads and charging up the Central and Eastern European market.
Hungary's Road to Electrification
Hungary isn't new to the auto game. With a rich automotive history and top-notch infrastructure, it's been gearing up for an electric future since launching an EV development plan in 2016. \"The electric vehicle industry in Hungary has a solid foundation,\" said Gong Tao, China's Ambassador to Hungary. \"China brings advanced technology, a vast market, and a mature new energy industry to the table.\"
Supercharging Economic Growth
Since zooming into Hungary's passenger car market in October 2023, BYD hasn't slowed down. By December, they announced plans to build their first European EV factory near Szeged in southern Hungary. Hungarian Foreign Minister Peter Szijjarto called it \"one of the largest investments in Hungarian economic history,\" and we're not surprised! This move is set to turbocharge the country's economy and drive it towards a greener future.
\"BYD's new energy vehicle production facility in Szeged is a game-changer for China-Hungary cooperation in green development and the digital economy,\" added Ambassador Gong. \"It's expected to create thousands of local jobs, boost Hungary's status as a new energy vehicle hub in Central and Eastern Europe, and accelerate the push towards energy transition and carbon neutrality.\"
A Legacy of Innovation
But this isn't BYD's first rodeo in Hungary. Back in 2016, they set up a bus manufacturing plant in Komarom, marking the first European EV factory by a Chinese new energy company. The plant was up and running by the next year, rolling out electric buses and paving the way for future collaborations.
The Journey Ahead
The road ahead looks electrifying for China and Hungary! 🌍✨ As these two nations strengthen their partnership, they're not just building cars—they're building a greener, more connected future. And we can't wait to see where this journey takes them next! 🌱🚀
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China and Hungary nurture a deepening technological partnership
cgtn.com
