Chinaʼs BYD eyes to launch bus production in Hungary


Wikimedia Commons/ Spielvogel

Confirming press reports, China-based bus manufacturer BYD confirmed plans yesterday to set up its first electric bus manufacturing plant in Hungary’s Komárom, Hungarian news agency MTI reported.

A BYD bus in Bonn in 2013. (Photo: Wikimedia Commons/ Spielvogel)

The investment is expected to create 200 jobs, and BYD is planning to start hiring workers in September, as production is set to start by the end of the year. BYD purchased an 18,000 sqm plant in the industrial park of Komárom in 2008.

In the beginning, the company expects that 30% of the parts used for the manufacturing of the buses will be supplied by Hungarian companies, while the ratio will likely reach 70% later.

The plant is expected to produce a capacity of 1,000 buses annually, to be sold in Hungarian and European markets, according to MTI. BYDʼs electric bus model has a license for the European market and has already been tested in 25 cities.


Consumer price levels below EU avg in 2020 Analysis

Consumer price levels below EU avg in 2020

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.