BYD partners with voestalpine for European car factory in Hungary.

From Yahoo Finance: 2025-06-25 13:36:00

Chinese car manufacturer BYD has partnered with Austrian steel group voestalpine to supply its new passenger-car factory in Hungary. The agreement covers sheet steel, highlighting BYD’s commitment to localizing its operations in Europe. BYD plans to expand sales to 29 European countries by 2025, with a network of over 1000 stores and a new European headquarters in Budapest. The company aims to be seen as a European manufacturer within five years. Austria will serve as the EU pilot market for BYD’s V2H technology, leveraging the country’s high solar energy penetration and strong customer demand for energy-efficient solutions.



Read more at Yahoo Finance: BYD announces voestalpine as supplier to its first European car factory