BYD's R&D Center to Boost Hungary's Automotive Industry

Hungary to host BYD's new R&D center, creating 2000 jobs. The Hungarian government announced today that BYD, a leading Chinese electric vehicle manufacturer, will establish a new research and development center in Hungary. This significant investment is expected to create 2000 new jobs and further solidify Hungary's position as a key player in the European automotive industry. Prime Minister Viktor Orbán, speaking at a press conference, stated, "This agreement marks a new era for Hungary's automotive sector." The decision by BYD underscores Hungary's attractiveness as an investment destination, highlighting its skilled workforce and supportive business environment. The government's commitment to attracting foreign investment continues to pay dividends, boosting the nation's economy and creating opportunities for its citizens.