The agreement was signed in Budapest by managing director of BYD Europe Michael Shu with three retail partners to set up new dealerships in Győr, Pécs and Szeged in the first quarter of 2025.

Michael Shu said the agreements were a milestone on the road to having a full nationwide network in Hungary.

Further dealerships will soon be added to the BYD network in Hungary, he added.

BYD’s plant in Szeged is expected to start operating soon but it said the BYD brand has already been leader on the Hungarian market for fully electric cars since July.

This year’s sales figures will not be published until later but they said BYD Hungary will have a record year.