BYD Opens €248M EU Hub with 2,000 Jobs in Budapest

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Chinese scientists successfully refueled a thorium reactor WHILE IT WAS RUNNING—something never done before in nuclear history.

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A whopping 90% of these new positions will require university degrees - making this one of the biggest brain gains Hungary has seen.

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Why Budapest? BYD's CEO reveals it's "a natural progression" for their European expansion strategy that's been building since 2016.

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The investment splits into two massive research projects: €105.1 million for AI driving systems and €141 million for electric powertrain development.

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BYD isn't just parking its money in Hungary - this marks their fifth location in the country, following facilities in Komárom, Fót, Páty, and a car plant under construction in Szeged.

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The Budapest headquarters will manage three critical functions: European sales, vehicle testing for EU standards, and adapting car designs for European consumers

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BYD engineers will focus on cutting-edge development areas including AI, machine learning, and interface design - with plans to register half of new patents locally.

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Hungarian PM Viktor Orbán's strategy is paying off: "Our idea has always been that factories arrive first, then development centers, and finally research centers."

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The timing is perfect - BYD just reported a 100.4% year-over-year net profit increase to $1.3 billion in Q1 2025.

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Which BYD models can Hungarians already buy? The Atto 3, Dolphin, Seal, Seal U, Tang, and the newly launched Sealion 7.

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Can BYD reach its ambitious goal of selling 50% of cars outside China by 2030, up from just 10% in 2024?

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As the EU investigates potential tariffs on Chinese EVs, Hungary's stance against these measures has helped secure this massive investment.

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