BYD Commits to new European HQ and R&D Base in Budapest, Hungary

China's BYD, a leading manufacturer of new-energy vehicles, has announced a commitment to base its European business headquarters in Budapest, Hungary, supported by a new European research and development centre. Under the arrangement, BYD will create thousands of jobs in the Hungarian capital.

The new HQ marks the fifth site for BYD in Hungary, following a bus factory, additional facilities, and its forthcoming passenger-car manufacturing plant.

The R&D element of the commitment will start with two specific projects, supported by significant investment.

The first project will focus on the further integration of intelligence into modern mobility, while the second will help to develop advanced next-generation electrification technologies.

BYD Chairman, Wang Chuanfu, says: “Establishing BYD’s European headquarters in Hungary is a natural progression. As the core hub for BYD’s European operations, the headquarters will focus on three key functions: sales and after-sales services, vehicle certification and testing, and localised vehicle design and feature development. Through these synergies, we aim to deepen integration with local markets, enhance our localisation capabilities and brand influence, and ensure sustainable growth in Europe.”

BYD Europe is headquartered in the Netherlands and is the first overseas branch of BYD Group.