The Chinese BYD will create thousands of jobs with its investment in Szeged, southern Hungary, and will focus on local workforce. To this end, it intends to establish effective cooperation with educational institutions in Szeged, the Shenzhen-based company pointed out.
In a statement, the company’s deputy CEO for human resources (HR), Jerry Xun, was quoted as saying that BYD attaches a prominent role to Hungarian expertise and an innovative approach in its Hungarian activities.
According to the press release,
a BYD delegation responsible for vocational training and HR affairs visited Hungary recently
and was received by Minister of Culture and Innovation Balázs Hankó and István Joó, CEO of the Hungarian Investment Promotion Agency (HIPA).
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The delegation then held talks with local higher education and vocational training leaders in Szeged.
A number of discussions have already been held with the University of Szeged, which will be an integral part of BYD’s operations,
the statement underlined.
The University of Szeged. Photo: Wikipedia
BYD, the world leader in the production of new energy vehicles, announced in 2023 that it will invest billions of euros to build its first European car plant in Szeged, which will be capable of producing 300,000 cars a year. Construction of the plant has already started, with preliminary information indicating that production could start in the second half of 2025.
Fact
BYD Auto Hungary, the company behind the electric car plant planned for Szeged, has been registered with a share capital of around HUF 192 billion (EUR 501 million). The first two halls of the factory will be built in a 300-hectare industrial park on the outskirts of the city, next to main road 5. In addition, the government has committed to spending HUF 47-48 billion (EUR 122-125 million) on infrastructure development near the new state-of-the-art plant.
BYD Auto, founded in 2003, is the world’s first car manufacturer to stop producing fossil-fueled vehicles during the electric transition and has led the sales of plug-in passenger vehicles, new energy vehicles (NEVs) in China for 9 consecutive years.
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