BYD to Construct Battery Plant in Fót

Automotive

Image by T. Schneider / Shutterstock.com

China's BYD, the world's biggest electric vehicle maker, will set up a battery assembly plant in Fót (20 km northeast of Budapest), Minister of Foreign Affairs and Trade Péter Szijjártó said in Shenzhen, China, on Wednesday, according to origo.hu.

The investment, which will create a hundred jobs initially, is supported with a HUF 1 billion government grant, the minister said.

Szijjártó noted that BYD, the world's second-biggest EV battery maker, manufactures electric buses in Komárom (85 km northwest of Budapest).

These buses account for around 80% of the vehicles in the public transport of London and have a market-leading position in Hungary, he added.

In China, Szijjártó met with the mayor of Shenzhen, the founder of battery maker Sunwoda and the CEO of BYD.

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