SZEGED, HUNGARY – BYD, the world's largest electronic vehicle manufacturer, will build an assembly plant here, its first production facility for EVs in Europe.

The plant will create “thousands of local jobs” and promote “technological exchanges and innovations between China and Hungary,” BYD said in a statement, but the company did not share any details about the size of the plant, how much money it would spend or when construction would begin.

BYD now has more than 30 industrial parks and production bases globally, with factories also in the US, Brazil, Japan and India.

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