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.
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