China’s BYD to set up electric bus manufacturing plant in Hungary

Budapest, July 26 (MTI) – Chinese company BYD will set up its first European electric bus manufacturing plant and create almost 200 jobs in Komárom, in northwest Hungary, the company told MTI on Tuesday.

BYD will begin hiring workers in September and plans to start production at the end of 2016. Hungarian suppliers will initially provide 30 percent of the parts for the electric buses assembled here, a ratio expected to rise to 70 percent later.

The plant is expected to have capacity to turn out almost 1,000 buses a year, which will be utilised depending on demand. The buses made in Komárom will be sold in Hungary and other European countries.

BYD’s electric bus has a licence for the European market and has already been tested in 25 cities.

BYD purchased a 18,000sqm plant in the industrial park of Komárom in 2008.

Photo: MTI – Zsolt Czeglédi

Source: MTI