BYD will postpone the mass production of its new factory in Hungary and reduce the production of electric vehicles.

According to reports, two sources revealed that BYD Co., Ltd. has delayed the production plan for its new electric vehicle factory in Hungary until 2026, and the factory will operate at below design capacity for at least the first two years of production. Meanwhile, one of the sources stated that BYD's new factory in Turkey will start production earlier than originally planned due to lower labor costs, and the production schedule will far exceed its previously announced plans. The sources mentioned that the new BYD factory in Seged, southern Hungary, costing 4 billion euros, will start production in 2026 with an annual output of only tens of thousands of vehicles. This is just a small part of the initial annual production capacity of 150,000 vehicles for the factory, with the ultimate capacity reaching 300,000 vehicles per year. One source stated that BYD's factory in Turkey, costing $1 billion with an annual production capacity of 150,000 vehicles, is planned to start production at the end of 2026, with vehicle output next year surpassing that of the Hungarian factory. The source added that the factory, located in the Manisa province in western Turkey, will exceed an annual output of 150,000 vehicles in 2027, and BYD will significantly increase its production again in 2028.