Chinese electric vehicle maker BYD is putting approximately €248 million into Budapest, Hungary, creating its European headquarters and R&D center. The May 15, 2025 announcement brings 2,000 new jobs to the city’s 11th district, with 90% requiring university degrees. The Budapest center will manage BYD’s European sales, handle vehicle testing for EU standards, and adapt car designs for European buyers. Two main research projects are planned: a €105.1 million AI driving system and a €141 million electric powertrain program. This makes Budapest BYD’s fifth location in Hungary, adding to: Local Innovation Push BYD will work with three Hungarian universities and … Continue reading BYD Invests €248M in Budapest HQ Creating 2,000 Jobs and Leading AI, EV Powertrain Projects in EU Push.