Vengriyadagi BYD Advances Batareya Zavodi, Mahalliy yollashga e'tibor qaratish, Ochilgan hisobot

According to local media, if BYD establishes a power battery assembly plant in Hungary, it will significantly enhance the supply chain for Tesla’s Berlin factory.

(Rasm krediti: CnEVPost)

BYD (OTCMKTS: BO'LADI) is actively recruiting in Hungary, indicating its progress in constructing a new battery assembly plant in the country, as reported by local media outlet Cailian.

The Chinese elektr transport vositasi (EV) and battery giant is currently hiring for various positions in Hungary, including a director of government affairs and an equipment engineer. The latter role requires candidates capable of maintaining production line equipment.

During a visit to BYD’s headquarters in Shenzhen, Vengriya tashqi ishlar va savdo vaziri, Piter Szijarto, announced in late June that the NEV manufacturer will establish a battery assembly plant in Fót, a town in northern Hungary. The investment for this project amounts to 10 milliard forint ($29.8 million), as mentioned in the report.

BYD’s presence in Hungary will be further expanded through the establishment of the Fót plant. Biroq, it is important to note that this factory will focus solely on battery assembly rather than battery production, according to Szijjarto’s earlier statement.

The report suggests that the establishment of a power battery assembly plant by BYD in Hungary would positively impact the supply chain for Tesla’s Berlin factory.

Miao Wei, who served as China’s minister of industry and information technology from 2010 uchun 2020, stated in early June at the 2023 World Power Battery Conference that as Tesla’s Berlin factory commences production of the rear-wheel-drive Model Y equipped with BYD batteries, BYD’s power battery business overseas will experience substantial growth.

Despite Hungary not being a traditional powerhouse in automobile manufacturing, the country has developed a capacity for European auto parts and vehicle manufacturing, capitalizing on the transfer of the German automobile manufacturing industry and its relatively cost-effective advantages.

BYD is already familiar with the Hungarian market and operates an all-electric bus plant in the country, which happens to be its first in Europe, as mentioned in the Cailian report. Iyun oyida 2021, BYD delivered its first all-electric bus to Volánbusz, Hungary’s largest public transportation operator. Hozirda, BYD accounts for 42 percent of the new buses in operation in Hungary, as per the report.

As China’s largest NEV manufacturer and the world’s second-largest power battery maker, BYD recorded retail sales of 231,230 units in China in June, belgilash a 74.4 foizga o'sdi. This accounted for 34.7 percent of the NEV market share, according to data released on July 12 by the China Passenger Car Association (CPCA).

Yanvardan maygacha, BYD installed 38.1 GWh of power batteries, securing a 16.1 percent share and placing second behind CATL, which held a 36.3 percent share, as reported by South Korean market researcher SNE Research on July 5.

Several of BYD’s local counterparts have previously initiated plant constructions in Hungary. CATL, for example, signed a pre-purchase land agreement with the Hungarian city of Debrecen on September 5, 2022, officially launching its factory project in the country. The project entails an investment of €7.34 billion and aims to achieve a capacity of 100 GWh, as announced by CATL.

In early June, the board of directors at Eve Energy approved a project by its subsidiary EVE Power Hungary Kft to construct large cylindrical batteries for passenger cars in Hungary. The project’s investment is estimated to be up to RMB 9.97 milliard ($1.4 milliard).

Sentyabrda 16, 2022, Nio (NYSE: NIO) announced the commencement of battery swap station production at its Nio Power Europe plant in Budapest, Vengriya.

(Eslatma: Exchange rates mentioned are as follows: $1 = 335.91 forints, $1 = RMB 7.1626)