BYD, Geely, Xpeng: Germany’s Vaunted Auto Industry in Dire Straits Amid Chinese Surge

In Szeged, Hungary, Chinese construction workers are building a new factory for BYD, the largest electric vehicle manufacturer. The facility will be the first of its kind in Europe, featuring various production areas and is expected to produce 300,000 vehicles annually. The investment is around 4 billion euros, highlighting the growing presence of Chinese companies in Europe.