BYD Auto plans to build a US$1bn electric vehicle assembly plant in Turkey to target the domestic and European markets and circumvent EU proposed tariffs which would have pushed up prices by nearly half. The Chinese car maker has already announced a factory it will build in Hungary as it pushes expansion outside its home country and both investments will create thousands of jobs. A rise in … [Read more...]
Newslines 2 January
China's biggest electric car maker in the world, BYD, announced the next stage of its European strategy with the construction of a massive manufacturing and production centre in Szeged, Hungary. The state-of-the-art facility will be the first of its kind built by a Chinese automotive company in Europe and will have a highly advanced car production line as it gradually ramps up manufacturing and … [Read more...]
Car-parts maker to close in Port Talbot
More than 120 jobs will go with the closure of Hi-Lex Cable System's Port Talbot car components' plant. The Japanese owned company announced today that a downturn in orders will lead to a restructuring of its operations in Europe and manufacturing will be transferred to Hungary, where it's closer to many customers, by 2021. It makes door and window parts and brake and clutch cables for cars at … [Read more...]