Chinese BYD opens electric bus plant in Komárom
Wikimedia Commons/ Spielvogel
China-based automotive manufacturer BYD has announced the opening of an electric bus plant in Hungary’s Komárom through an investment of HUF 6.2 billion, supported with a HUF 925 million grant from the Hungarian government, according to reports.
(Photo: Wikimedia Commons/ Spielvogel)
The plant, which is expected to employ a staff of 300, is set to turn out 400 vehicles a year, chiefly exporting to big cities in Europe, according to Hungarian news agency MTI. When the investment was announced last year, the projected output was put at 200.
The plant is planning to add the manufacturing of trucks and light commercial vehicles to its portfolio later, said BYD Europe Managing Director Isbrand Ho.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.