BYD plans European center in Hungary, to create 2,000 jobs

Investing.com -- Chinese electric vehicle manufacturer BYD (SZ:002594) plans to set up a European center in Hungary, according to the company’s CEO and President Wang Chuanfu. The announcement was made on Thursday at a press conference alongside Hungarian Prime Minister Viktor Orban in Budapest.

The new center will serve three primary functions: it will act as a hub for sales and after-sales services, a testing facility, and a development site for localized versions of the company’s models. The establishment of the European center will result in the creation of 2,000 new jobs.

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