**BYD Partners with voestalpine to Supply Steel for New Hungary Factory**
Chinese automaker BYD has teamed up with Austrian steel giant voestalpine to supply sheet steel for its new passenger-car plant in Hungary. The deal, confirmed by BYD’s Stella Li and voestalpine CEO Herbert Eibensteiner, strengthens BYD’s European localization strategy. BYD cited voestalpine’s high-quality steel and proximity to its Hungary facility as key factors in the partnership. The move aligns with BYD’s goal to be seen as a European manufacturer within five years.
**BYD Expands European Footprint with Hungary Factory and R&D Center**
BYD is accelerating its European growth with a new factory in Hungary and plans for a dedicated R&D center in Budapest. The company aims to sell vehicles in 29 European countries by 2025, supported by over 1,000 retail outlets. BYD’s Stella Li emphasized the brand’s long-term commitment to Europe, beyond just sales. The voestalpine steel supply deal marks another step in BYD’s strategy to localize production and strengthen its European supply chain.
**Austria Chosen as EU Pilot for BYD’s V2H Technology**
BYD has selected Austria as the EU pilot market for its Vehicle-to-Home (V2H) technology, leveraging the country’s high solar energy adoption. With half of Austrian households using solar panels, demand for energy-efficient solutions is strong. BYD dealerships report significant customer interest in V2H, which maximizes solar efficiency and cuts energy costs. The pilot, managed with a local partner, reinforces BYD’s innovation push in Europe.