Speaking at the IAA Mobility 2025 auto show in Munich, the company's vice president Stella Li noted that the factory in Hungary will start operations by the end of this year, and construction of a new site in Turkey will begin in 2026.
Responding to a question about how long it would take BYD to produce all the electric vehicles necessary to meet European demand, Li said: "Give us two to three years."
BYD is actively developing its sales and supplier network: the company is in negotiations with hundreds of European partners and intends to open more than 1,000 dealerships in 32 countries in the region by the end of 2025.
Currently, 13 BYD models are represented in Europe compared to six two years ago. The latest addition is the Seal 06 DM-i station wagon with a combined range of 1,350 km. At the same time, the company's strategy has changed: while the focus was previously solely on electric vehicles, plug-in hybrids have now become the main hits. In the next six months, another 3-4 new PHEVs will debut in Europe, and their sales, according to Li’s forecast, will soon surpass the sales of "pure" electric cars.
Additionally, in 2027, BYD plans to introduce its premium brand Yangwang in Europe.
In 2024, the company sold 4.2 million cars worldwide - ten times more than in 2019. Li noted that this is a normal adjustment after many years of rapid growth.
Source: Reuters
