BYD reveals when it will start producing cars in Hungary

We will start the ramp-up at the end of 2025. The first two cars we produce will be the Dolphin and the Atto 3,

Li told the business magazine Capital, adding that other models will follow.

The construction of BYD's passenger car plant in Szeged, southern Hungary, is still underway, and cars produced there will be exempt from EU duties on electric vehicles made in China. At the moment, BYD must import all of its vehicles into the EU.

BYD has been the best-selling car brand in China - the world's largest car market - for two years. BYD's rapid rise has bruised the bottom lines of foreign automakers, like Volkswagen, which had dominated China for decades.