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Hungary: BYD's first European factory in Hungary to open in late 2025
Storyline: Chinese electric car giant BYD is opening its first European factory in southern Hungary, with plans to roll out both EVs and plug-in hybrid vehicles beginning in the second half of this year. Szeged, the third largest city of Hungary, is known for its culture and history, but now, people believe the arrival of Chinese EV giant BYD will possibly reshape its future. BYD's multibillion-dollar factory will be the first multinational investment in Szeged, transforming the city into an industrial and economic hub. Experts say that since the project's announcement in 2024, housing demand has tripled, and property prices have increased by 12 percent over the past year. Real estate agents in Szged say there are enough homes in this city of 170,000 people to satisfy demand, but they say that could change as more workers move to the city. Szeged's Chamber of Commerce said BYD's factory could attract suppliers and tech startups, boosting the city's economy. For real estate agents like Szilvia Dajka, who is helping BYD secure housing for future employees, the transformation of the city into a major business hub is already here. BYD's factory is set to open later this year, initially producing 150,000 vehicles annually and creating 3,000-4,000 jobs. In the future, the plant could employ up to 10,000 workers at full capacity. Shotlist: Szeged, Hungary - Recent: 1. Aerial shot of city view 2. BYD factory under construction 3. SOUNDBITE (Hungarian, dubbed in English) Attila Kokuti, president, Szeged Chamber of Commerce (ending with shot 4): "BYD brings something new, adding diversity to this agriculture-focused city. An industry like this has a ripple effect, creating opportunities. It's a big step forward." 4. Various of BYD factory under construction; vehicles, facilities 5. Aerial shot of city, traffic 6. Board with property sales information 7. SOUNDBITE (English) Lazslo Balogh, chief business expert, ingatlan.com (starting with shot 6/partially overlaid with shot 8): "When the factory starts to work, and starts to produce electronic cars, there will be a huge demand from the workforce as well for housing opportunities, and it will also increase the home prices in terms of homes for sale and in terms of homes for rent." [SHOT OVERLAYING SOUNDBITE] 8. Aerial shot of buildings; people [SHOT OVERLAYING SOUNDBITE] 9. Various of construction site, people, vehicles 10. Aerial shots of city, traffic 11. Various of construction site, residential building 12. SOUNDBITE (Hungarian, dubbed in English) Szilvia Dajka, real estate agent: "Currently, contractors are focusing on building traditional apartment buildings in the city. There hasn't been much of a residential building boom, but we expect that to change soon." 13. Aerial shot of buildings, people. [Restrictions : No access Chinese mainland]
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