Chinese automaker BYD will invest 32 billion forints (94 million dollars) in a new plant in the northern Hungarian town of Komarom, tripling its annual capacity to 1,250 electric buses and trucks, Hungarian Foreign Minister Peter Szijjarto said.
Under right-wing Prime Minister Viktor Orban, Hungary has become an important trade and investment partner for China, in contrast with some other European Union nations considering becoming less dependent on the world’s second-largest economy.
“We Hungarians do not consider East-West cooperation a threat, but rather a big opportunity,” Szijjarto was quoted as saying on Friday, adding that the government would support the project with a 3.1 billion forint grant.
🇨🇳🤝🇭🇺 BYD's latest HUF 32 billion investment brings a new electric bus plant to Komárom, Hungary—creating 620 jobs. @FM_Szijjarto confirmed at the groundbreaking that the government is backing the project with HUF 3.1 billion, reinforcing Hungary’s top spot in EU e-mobility.
— Zoltan Kovacs (@zoltanspox) June 27, 2025
🧪… pic.twitter.com/zUwAB5ANFG
Orban, who has spearheaded a drive in central Europe to bring Chinese EV and battery manufacturing plants to Hungary, has said his landlocked country did not want to be squeezed into either bloc and wanted to keep trading with both sides.
BYD, which is also building an electric car factory in southern Hungary and expects to establish a European centre in the country, will establish a research and development laboratory alongside its latest investment in an apparent reward for Hungary’s condemnation of European tariffs on Chinese EVs.
Orban started bringing his country closer to Beijing after he came to power in 2010. Warm political relations turned into investments about a decade later when battery and EV makers started to bring production to Hungary.
Szijjarto said Hungary had received nearly a third of Chinese inward investment into Europe last year, lifting the total volume of Chinese investments to 5.5 trillion forints (16 billion dollars), representing 64 large projects.
READ MORE
-
MPD: España matricula 134.063 vehículos electrificados hasta julio y supera todo 2024
Con un crecimiento interanual del 92%, el mercado de vehículos eléctricos e híbridos enchufables avanza a ritmo récord. El análisis de Mobility Portal Data destaca como Madrid y Cataluña concentran más del 50% del mercado.Aquí, todos los detalles del desempeño eMobility de julio.
-
The UK enters a “decisive” phase: can the network ease charging anxiety enough?
The government recently announced that it has reached 82,000 public charging points. This is a positive sign for those who own or are considering purchasing an EV. However, beyond focusing on quantity, the UK must also prioritize quality. Which areas have the least charger coverage?
-
From Amsterdam to Pamplona: Sungrow targets eMobility leadership with European I+D and local presence
With an innovation centre in the Netherlands and an operational hub in Spain, the global firm combines technology tailored to the European market with local stock, after-sales support, and integrated solutions. Its goal: to lead the EV charging infrastructure market with efficiency and proximity.
