Shenzhen EV players head to Europe
China DailyA chassis manufactured by Chinese new energy vehicle producer BYD is displayed at a dealership in Budapest, Hungary, in October. ATTILA VOLGYI/XINHUA Electric vehicle companies from Shenzhen in South China's Guangdong province have gradually taken root in Hungary, bolstering local economic growth and promoting the green transition. "Companies in the battery industrial chain in Shenzhen, including BYD Group, Shenzhen Kedali Industry, Sunwoda Electronic and GEM have successively invested and cooperated in Hungary, taking root where the traditional automotive manufacturing industry is a key economic pillar," said Chen Shou, president of the Shenzhen Battery Industry Association. "What's more, CATL's investment will also help attract both upstream and downstream partners across the electric vehicle value chain to Hungary, thus injecting constant vitality into the country's sustainable development." "BYD will bring advanced technology and automated production lines to Hungary, helping the local automotive industry transition toward electric and smart vehicles, and driving forward sustainable development efforts."
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