BYD European Headquarters and R&D Project Base
Sector: Automotive • Location: Budapest and Szeged, Hungary
Source: Site Selection Magazine
BYD is moving its European headquarters from the Netherlands to Budapest, Hungary, and constructing its first European car manufacturing facility in Szeged since 2023. The company will invest over $252 million to establish an R&D project base focusing on AI-based driving technology and powertrain technology development to enhance EV performance and efficiency.
- Status
- Under Construction
- Sector
- Automotive, Manufacturing (Industrial), Electric Vehicles (EVs), Commercial
- Location
- Budapest and Szeged, Hungary
- Updated
- 22 Jul 2026
- Source
- Site Selection Magazine
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Project Information
Participants
| Not available for this record. |
Status
Original status | Under Construction |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | BYD is moving its European headquarters from the Netherlands to Budapest, Hungary, and constructing its first European car manufacturing facility in Szeged since 2023. The company will invest over $252 million to establish an R&D project base focusing on AI-based driving technology and powertrain technology development to enhance EV performance and efficiency. |
Original sector | Automotive |
Budget |
Location
Country | Hungary |
City | Budapest and Szeged |
Source
Source | Site Selection Magazine |
URL |
More Details
Record type | Project |
Sector | Automotive, Manufacturing (Industrial), Electric Vehicles (EVs), Commercial |
Article published date | 2025-06-04 |
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