Minister of Foreign Affairs and Trade Péter Szijjártó said the government was supporting the investment, which would create 620 jobs, with HUF 3.1 bln.
He added that capacity of the base would triple to 1,250 vehicles a year and a test laboratory for research and development would be set up.
Szijjártó noted that BYD was also building a passenger car plant in Szeged, its first in Europe, and setting up a European HQ and R&D center in Budapest.
Szijjártó said Hungary had profited much from East-West cooperation, noting that the country had attracted 31% of Chinese FDI in Europe in 2024 and 44% in 2023.
Hungary’s government has supported 64 big Chinese investments with a value of HUF 5.5 trillion over the past 10 years, projects that created 30,000 jobs, he added.
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