16-05-2025
BYD to expand Hungarian operations with new Budapest HQ
Hungary's Prime Minister Viktor Orbán said: 'Our goal is for foreign investors to bring development capacities to Hungary. Not only manufacturing but also development capacities. Our idea has always been that the factories arrive first, then the factories' development centres arrive and then the research centres arrive.
'It doesn't work the other way around. First production, then development and then research. That is why today's [Friday] meeting and agreement are of great importance, because now BYD is opening a new era — the company is also bringing its development centre to Hungary.'
The company recently launched the new BYD Shark 6 plug-in hybrid bakkie and Sealion 6 and 7 SUVs in South Africa. The company also sells the BYD Dolphin and Seal models, the former launched locally in 2024 as the cheapest EV on sale in South Africa with a starting price of R539,000. BYD has also been supplying commuter busses to the City of Cape Town for many years.
