Chinese EV giant BYD picks Hungary over UK for European HQ, citing stability.

BYD, the electric vehicle powerhouse from China, has decided to establish its European headquarters in Budapest, Hungary, rather than the UK. This decision comes as part of their strategic expansion, creating thousands of jobs and investing in R&D within Hungary. The move is seen as a blow to the UK, which hoped to attract the manufacturer despite post-Brexit uncertainties. BYD aims to deepen local market integration and further develop modern mobility intelligence and electrification technologies from this central European location.