BYD, the Chinese automotive giant, has recently announced plans to establish its inaugural electric car manufacturing facility in Europe, specifically in Szeged, Hungary. This move marks a significant expansion of BYD’s global footprint and is an exciting development in the European electric vehicle (EV) market.

Hungary has already been a host to BYD’s production for the EU

Hungary, already a host to BYD’s electric bus production, is becoming a hub for EV-related investments within the European Union. This strategic decision by BYD underscores Hungary’s growing importance in the EV industry.

Presently, BYD offers five electric car models in Europe: Han, Tang, Atto 3, Seal, and Dolphin, and operates 230 retail stores across 19 countries. The company plans to expand its European lineup with three more models by 2024. This expansion is a clear indication of BYD’s commitment to the European market and its confidence in the growing demand for electric vehicles.

The proposed factory in Hungary is more than just a manufacturing hub; it represents a significant economic boost for the region. Expected to generate thousands of jobs, the facility will also enhance local economies and support regional supply chains. This move is particularly notable as it aligns with Europe’s shift away from internal combustion engines towards more sustainable transportation options.

BYD’s approach is unique in its commitment to a highly integrated supply chain. The company plans to leverage this to create a local ‘green ecosystem’, promoting technological exchange and innovation between China and Hungary. This strategy not only positions BYD as a leader in the EV sector but also demonstrates its dedication to sustainable practices.

RELATED:

• BYD Song L electric SUV launched in China to take on the Tesla Model Y starting at $26,700
• BYD takes on Tesla in North America with the launch of the 2024 Seal EV in Mexico
• Get $100 OFF on Xiaomi 14 Pro at Giztop (1TB Variant)
• Best Messaging Apps for Android in 2023

(Via)

The post BYD Charges into Europe with a New Electric Car Factory in Hungary appeared first on Gizmochina.

In a surprise announcement, Huawei will help develop Hungary’s 5G mobile network, as Prime Minister Viktor Orban defied efforts by President Donald Trump’s administration to quarantine the telecom giant. Speaking at China’s International Import Expo in Shanghai, Hungarian Foreign Minister Peter Szijjarto said that Huawei will cooperate with Britain’s Vodafone and Germany’s Deutsche Telekom in the project.

Szijjarto emphasised that Hungary does not discriminate between companies on the basis of nationality, the only condition it imposes is to comply with the country’s laws and regulations. The United States has tried to persuade allies to shun the Chinese company, which it says can be forced to give the Chinese government backdoor access to data.

EDITOR’S PICK: Huawei Mate 20 and Huawei P30 break 17 million and 20 million shipments

During a visit to Budapest in February, U.S. Secretary of State Mike Pompeo cautioned allies against deploying equipment from the Chinese company, saying it would make it more difficult for Washington to “partner alongside them”.

In April, Szijjarto said that Hungary’s good cooperation with Huawei was in the country’s economic and strategic interests. He has called disapproval of Hungary’s openness toward China “hypocritical,” as countries and companies all over the world do business with the country. Not many other countries seem to share this view however.

The company has repeatedly denied criticism that it poses a security risk for countries where it operates. Last week, the head of Germany’s Federal Intelligence Service added his voice to the debate, saying that Huawei “can’t fully be trusted” because of its “high level of dependence” on the Chinese state.

Szijjarto didn’t specify the precise role Huawei would have in building Hungary’s 5G network, though if things proceed as is, we’ll probably find out soon enough.

UP NEXT: Huawei Nova 5i with 4 GB RAM emerged on TENAA

(Source)

The post Huawei will help develop Hungary’s 5G mobile network rollout appeared first on Gizmochina.