A BYD’s electrical automobile (EV) Qin relocations on a street in Beijing, China October 31,2023 REUTERS/Tingshu Wang/ File Photo Acquire Licensing Rights
FRANKFURT, Nov 4 (Reuters) – Chinese electrical automobile giant BYD (002594.SZ), strategies to construct its veryfirst European automobile factory in Hungary, a German paper reported on Saturday.
The Frankfurter Allgemeine Sonntagszeitung (FAS), pointingout unnamed sources close to BYD, stated the choice had currently been made internally.
A federalgovernment site in Shenzhen, where BYD is headquartered, published an post last month stating that Hungarian Prime Minister Viktor Orban fulfilled BYD Chairman and President Wang Chuanfu on a goto to the business.
BYD, gottenintouchwith by Reuters, stated that it was still looking for the right area and would make an statement at the end of the year.
The Hungarian federalgovernment did not rightaway respond to demands for remark.
Reporting by Brenda Goh, Jason Xue, Krisztina Than,