Chinese carmaking giant BYD strengthens its positions in Hungary

China’s BYD sold 558 electric passenger cars in Hungary in January-April, more than double the number in the same period a year earlier, BYD PR Hungary told MTI.

BYD’s market share in the segment reached 17.9pc, closing in on market leader Tesla’s 21.5pc share. BYD’s sales of passenger cars and light commercial vehicles reached 757 in January-April. In 2024, BYD’s car and LCV sales came to 1,548, giving it a 1.37pc market share.

This year, BYD sales in Hungary could double or even triple, BYD PR Hungary said. BYD recently unveiled its Dolphin Surf, a city compact, its eighth model available in Europe. BYD is building a manufacturing plant in Szeged (SE Hungary), its first in Europe, and is establishing a business and development centre in Hungary.

• Chinese BYD signs cooperation agreement with vocational training, higher education institutions
• Chinese BYD buys huge office building for new European HQ in Budapest’s central district

AutoWallis adds Chinese brand XPENG to portfolio

Hungary’s AutoWallis has added Chinese EV brand XPENG to its portfolio, the listed car dealer announced on Monday. AutoWallis Caetano, a joint venture of AutoWallis Group and Portuguese partner Salvador Caetano Group, will have exclusive sales rights for the Chinese brand in Hungary, Slovenia and Croatia under the agreement with XPENG. AutoWallis now has 28 brands in its portfolio, including two more Chinese ones: BYD and MG.