**BYD Partners with voestalpine for Steel Supply in Hungarian EV Factory**
Chinese automaker BYD has secured a key supply deal with Austrian steel giant voestalpine for its new Hungary plant, reinforcing its European expansion strategy. The agreement, confirmed by BYD’s Stella Li and voestalpine CEO Herbert Eibensteiner, focuses on high-quality sheet steel for vehicle production. BYD cited voestalpine’s regional presence and sustainable steel solutions as decisive factors in the partnership. This move aligns with BYD’s goal to be perceived as a European manufacturer within five years.
**Austria Chosen as EU Pilot for BYD’s V2H Technology**
BYD has selected Austria as the test market for its Vehicle-to-Home (V2H) tech, leveraging the country’s high solar energy adoption. With half of Austrian households using solar power, demand for energy-efficient solutions like V2H is strong among BYD customers. The pilot, managed with a local partner, aims to optimize solar usage and cut energy costs. This initiative underscores BYD’s commitment to innovation and sustainability in Europe’s EV market.
**BYD Accelerates European Localization with Hungary Hub**
BYD is deepening its European roots with a new Hungary factory, R&D center, and regional HQ in Budapest, targeting sales in 29 countries by 2025. The voestalpine steel deal marks a milestone in local sourcing, supporting BYD’s long-term vision to manufacture in Europe. Executive VP Stella Li emphasized the brand’s dedication to local partnerships and decarbonization. Meanwhile, voestalpine CEO Herbert Eibensteiner highlighted the collaboration as a step toward sustainable automotive solutions.