The Frankfurter Allgemeine Sonntagszeitung (FAS) reports that BYD is poised to establish its inaugural European car manufacturing facility, signaling a monumental stride into the European automotive landscape. This momentous move has sparked an intense debate over the efficacy of German economic policy.

This pivotal move has been substantiated by a high-profile meeting between Hungarian Prime Minister Viktor Orban and BYD's Chairman and President Wang Chuanfu. A government website in Shenzhen confirmed this momentous encounter, reinforcing the gravity of BYD's decision.