BYD to Construct New Manufacturing Plant in Hungary, China's EV Brands Go Global
Overview:
On December 22, 2023, BYD announced that it would build a new electric vehicle manufacturing plant in Szeged, Hungary. This report will address the construction of the manufacturing plant and analyze the recent trend of Chinese New Energy Vehicle enterprises entering European markets.
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Author
Ivan Lam
Ivan is a Senior Research Analyst at Counterpoint Research, based in Hong Kong. Ivan has more than 10 years of experience with a major focus on mobile and network devices. He had spent years in southeast Asia markets associated with business development, brand management, and channel management. Besides the expertise in Southeast Asia, he’s also well connected with ODM and OEM sectors. Prior to joining Counterpoint Research, Ivan served TCL Communications, KaiOS Technology Inc., Wiko Mobile, mainly leading business development, Go-to-Market, and strategic planning. Ivan holds a Master's degree in Business Administration from Hong Kong University of Science and Technology.
