(Photo: Wikimedia Commons/ Spielvogel)

Once production starts early next year, as the company expects, annual output would reach 200 buses in the initial phase, Hungarian news agency MTI reported. The investment is predicted to create 300 workplaces in two stages, the Hungarian minister said.

The company decided to establish its assembly plant in Komárom because of its central geographical location, the knowledge and experience of local engineers and government measures that support growth, said BYD Europe Managing Director Isbrand Ho.