BYD Officially Launches European Headquarters in Budapest, Hungary
Strategic expansion reinforces commitment to sustainable mobility and regional collaboration
BUDAPEST, HUNGARY – May 15, 2025 – Today, global new energy vehicle (NEV) leader BYD hosted a grand inauguration ceremony for its European headquarters in Budapest, Hungary, marking a pivotal milestone in the company’s long-term strategy to deepen its presence across Europe. Attended by Hungarian government officials, industry partners, media representatives, and BYD executives, the event underscored BYD’s dedication to advancing green transportation and fostering local partnerships.
Accelerating Europe’s Electrification Transition
The newly established European headquarters will serve as a hub for BYD’s regional operations, including strategic planning, market development, research and development (R&D), and customer service. Located in Budapest’s innovation district, the facility reflects BYD’s commitment to integrating cutting-edge technology with localized solutions tailored to European markets.
In his keynote speech, Mr. Li Ke, BYD Europe CEO, emphasized the significance of the expansion: “Hungary’s central location, skilled workforce, and supportive policies make it an ideal gateway for BYD to serve European customers. Our Budapest headquarters will drive innovation in electric vehicles (EVs), renewable energy solutions, and smart mobility, aligning with Europe’s carbon neutrality goals.”
Strengthening Local Ties and Sustainability Commitments
BYD highlighted plans to collaborate with Hungarian universities and tech institutes on EV battery R&D and AI-driven mobility projects. Additionally, the company announced a €500 million investment over the next five years to establish a regional training center and expand its charging infrastructure network across Central and Eastern Europe.
Hungarian Minister of Innovation and Technology, Dr. Petra Szabó, praised the initiative: “BYD’s choice to anchor its European operations in Hungary reaffirms our nation’s role as a leader in sustainable industrial growth. This partnership will create high-value jobs and accelerate our shared vision for a zero-emission future.”
A Growing Footprint in Europe
Since entering the European market in 2022, BYD has rapidly expanded its footprint, with over 300 dealerships and service centers in 18 countries. The brand’s popular models, including the ATTO 3 SUV and Seal sedan, have gained traction among eco-conscious consumers, contributing to a 150% year-on-year sales increase in Q1 2025.
The Budapest headquarters follows BYD’s recent groundbreaking on a Hungary-based EV manufacturing plant, slated to begin production in late 2026. This vertical integration aims to reduce delivery times and enhance supply chain resilience for European markets.
About BYD
BYD (Build Your Dreams) is a global leader in new energy vehicles and renewable energy solutions, ranking as the world’s top-selling NEV manufacturer in 2024. With innovations spanning EVs, batteries, solar energy, and rail transit, BYD is committed to creating a greener, tech-driven future.