BYD plant expansion and global sales surge

Timeline

1. 1 day ago

   [BUSINESS] 13 sources

   BYD aims to overtake Toyota as world’s biggest carmaker despite US market ban

   BYD says it can become the world’s largest carmaker and overtake Toyota within five years, even without US sales, as it pushes aggressive expansion in Europe, Mexico and other markets, posting rising sales and

2. 3 days ago

   [BUSINESS] 2 sources

   Renault turns down BYD's proposals to buy stake and use European factories

   Renault rejected two proposals from Chinese EV maker BYD – in 2024 and again in autumn 2025 – to buy a stake and gain access to its European factories, as reported by Les Echos.

3. 6 days ago

   [BUSINESS] 3 sources

   BYD faces Renault pushback as it plans second European production site

   BYD’s bid to control Renault factories was rejected, dropping its shares 3%, while it nears a decision on buying a plant in Spain or France as its second European production site.

4. 8 days ago

   [BUSINESS] 4 sources

   Philippines EV market grows with BYD dealership expansion and Chery Tiggo rEV reaching 1,000 units

   BYD expands its Philippine dealership network while Chery's Tiggo rEV tops 1,000 units sold, signaling rapid EV market growth in the country.

5. 15 days ago

   [BUSINESS] 16 sources

   BYD accelerates global EV dominance as sales surge and European expansion ramps up

   BYD’s global sales rose 5.5% in June 2026, with record exports to ASEAN and a surge in European market share that outpaced Citroën; it also topped South Korean imports and is planning a second European factory.

6. 19 days ago

   [BUSINESS] 2 sources

   Hungarian subcontractors halt work at BYD's Szeged plant over unpaid wages

   Hungarian subcontractors stopped work at BYD's Szeged plant over unpaid wages and safety worries, leaving dozens of machines idle and sparking environmental fine scrutiny.

7. 19 days ago

   [BUSINESS] 2 sources

   BYD's Hungary EV Plant Faces Second Worker Death and Safety Probe

   A second worker died on 18 June at BYD's Szeged EV plant in Hungary, leading to a safety investigation, fines on contractor AIM Construction, and renewed scrutiny of labor practices ahead of the plant’s planned

8. 26 days ago

   [BUSINESS] 10 sources

   BYD suspends $1 B Turkish plant as Hungarian factory faces soil probe and worker fatality

   BYD halted its $1 billion Turkish plant, citing focus on Hungary, where its Szeged factory faces a soil‑handling probe, a fine, and a worker death, while the firm seeks a second European site.

9. 26 days ago

   [BUSINESS] 5 sources

   BYD construction site in Szeged, Hungary, sees fatal accident

   A worker died after being trapped between a loading machine and a truck at BYD's Szeged construction site on June 18; police opened a criminal probe and BYD is cooperating with investigators.

10. 30 days ago

    [BUSINESS] 2 sources

    BYD fined for contaminated soil at Szeged plant site

    BYD's Szeged plant site spread contaminated soil, leading to wheat loss, a 10 million‑forint fine, and later tests showing the land cleared for farming.

11. about 1 month ago

    [BUSINESS] 2 sources

    BYD aims for top‑three EU automaker status as Swiss buyers boost its European earnings

    BYD targets a top‑three EU automaker spot with new factories and Europe‑focused models, while Swiss buyers pay nearly double the net price of Germany’s BYD Seal due to lower taxes.

12. about 1 month ago

    [BUSINESS] 2 sources

    BYD pushes ahead with second European plant as Hungarian factory ramps up

    BYD aims to become a full European carmaker, with its Hungarian plant starting production and a second site – possibly in Spain – under review, while a Turkish project is paused over EU Made‑in‑Europe rules.

13. about 1 month ago

    [BUSINESS] 2 sources

    BYD expands to Hungary with new plant and debuts Song Plus SUV in Belize

    BYD will begin production at its Hungary plant in 2025 and has launched the Song Plus plug‑in hybrid SUV in Belize, signaling a broadening global footprint.

14. about 1 month ago

    [BUSINESS] 2 sources

    BYD pauses Turkey EV plant, seeks existing factory in Southern Europe

    BYD halts its Turkey EV plant plan and is looking to acquire an existing factory in Southern Europe, with Spain among the top candidates.

15. about 1 month ago

    [BUSINESS] 2 sources

    BYD suspends $1 billion Turkey plant plan, shifts focus to Hungary

    BYD pauses its $1 bn Manisa factory plan, citing a shift to Hungary, while Turkish tax breaks that helped sell 61,000 cars spark criticism and a parliamentary probe into domestic EV maker Togg.

16. about 1 month ago

    [BUSINESS] 2 sources

    BYD suspends $1 billion Turkey factory plan

    BYD has halted its $1 billion Manisa plant plan, citing a shift toward Hungary; the suspension may lead to penalties and loss of incentives after a year of inactivity.

17. about 1 month ago

    [BUSINESS] 4 sources

    Turkey confirms BYD's Manisa plant investment terms stay in force

    Turkey’s Industry Ministry says BYD’s Manisa EV plant agreement and guarantees stay valid, but state incentives are suspended pending progress.

18. about 1 month ago

    [BUSINESS] 12 sources

    BYD suspends $1 billion Manisa factory plan, pivots to Hungarian plant

    BYD has halted its $1 billion Manisa factory, citing no timetable and shifting focus to its Hungarian plant; Turkey may lose up to $500 million in tax revenue.

19. about 2 months ago

    [HEALTH] 2 sources

    Hungarian authorities launch probe into BYD factory soil contamination

    Hungary investigates BYD's Szeged plant over alleged illegal soil dumping potentially contaminated with carcinogenic alkylbenzene.