BYD's (HKG:1211, SHE:002594) car factory in Hungary, which is still under construction, is forecast to start production in the second half of 2025, Reuters reported Thursday, citing Prime Minister Viktor Orban's chief of staff.
The factory will be located in Szeged, in the southern part of the country, Reuters said.
Meanwhile, Orban's administration also plans to bring Chinese electric vehicle and battery manufacturers to his country, the report said.
Contemporary Amperex Technology or CATL (SHE:300750) is also establishing a 7.3 billion euro factory in Debrecen, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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