BYD, the world's largest electric vehicle (EV) manufacturer, is building two car plants in Hungary and Turkey. Construction has been accelerated by the introduction of supplementary tariffs of 17% levied by the EU on Chinese-made EVs on top of the standard EU import tariff of 10%. Both factories will have a nominal initial capacity of around 150,000 units per year. Long term, BYD reportedly wants to make 1 million units a year in Europe which would require a couple more factories as well as capacity expansion in Turkey and Hungary.

BYD is also installing 150,000 units’ capacity factories in Brazil, Indonesia and Thailand. The Brazil factory is a former Ford facility, but the Thai plant is brand new. There is also a smaller facility in Uzbekistan.

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