BYD to Launch Hungary Plant in Late 2026

• BYD's Hungary plant in Szeged will start assembling the Dolphin Surf compact EV in late 2026, delayed from the original end-2025 target, as the company is still installing equipment
• BYD's European sales surged 270% in the prior year to nearly 188,000 vehicles, with over 100,000 units sold through May 2026 (up 144% year-to-date)
• The Turkey plant project, announced in 2024 with $1 billion investment, remains on hold with no production timeline as BYD focuses on establishing European manufacturing to avoid EU tariffs on Chinese-made EVs

Summary

BYD Hungary Plant Launch Delayed to Q4 2026

Chinese electric vehicle manufacturer BYD will begin production at its new Hungary facility in the fourth quarter of 2026, approximately one year behind schedule, according to Executive Vice President Stella Li. The plant in Szeged, southern Hungary—BYD's first European factory—was originally expected to start operations by end-2025, producing the Dolphin Surf compact electric car.

Key Strategic Developments:

• Hungary remains BYD's "number one priority," with the company actively seeking a second European production site
• Turkish plant project (announced in 2024 with $1 billion investment) has been paused indefinitely, with construction not yet started and no timeline established
• Equipment installation is currently underway at the Hungarian facility

Market Performance:

BYD's European sales surged 270% in 2025 to nearly 188,000 vehicles. Through May 2026, European sales reached over 100,000 units, representing 144% year-over-year growth. The company holds the position of world's largest electric vehicle maker.

Strategic Rationale:

European manufacturing allows BYD to circumvent EU tariffs on Chinese-made electric vehicles, improving cost competitiveness in the region.

Industry Context:

BYD and competitor Chery have both experienced delays establishing European production, contrasting with their rapid factory construction capabilities in China. Chery's Barcelona plant joint venture with Spanish automaker Ebro has also faced multiple postponements.

The Hungary plant represents a critical milestone in BYD's European expansion strategy as it navigates trade barriers and builds local manufacturing presence in a key automotive market.