In a power move, China’s BYD plans to build a factory in Europe

Chinese-owned automaker BYD has announced plans to build a factory in Europe in hopes of bringing its affordable EVs to the masses there. As the brand picks up steam in sales, it will break ground on its first European factory, with Hungary selected as the location. Still, it has some challenges to face: a new investigation from the European Union and a lack of solid brand recognition to compete with Tesla and European automakers.
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