BYD Europe's managing director, Isbrand Ho, said the announcement reinforced his company's commitment to the European market. Chinese electric vehicle maker BYD is constructing a bus factory in Budapest , the first of its kind in continental Europe . The project is expected to cost € 20 million ( $ 2 m ) , with the Hungarian government contributing 15 m ( $ 3.4 m ) . The factory is due to start production in Q1 2017 , manufacturing 200 buses a year , eventually increasing to 400 a year and will create 300 new buses . Initially specialising in rechargeable battery technology , BYD now has a significant market presence in electric - powered public transport .
Chinese electric vehicle maker BYD is constructing a bus factory in Budapest , the first of its kind in continental Europe . The project is expected to cost € 20 million ( $ 2 m ) , with the Hungarian government contributing 15 m ( $ 3.4 m ) . The factory is due to start production in Q1 2017 , manufacturing 200 buses a year , eventually increasing to 400 a year and will create 300 new buses . Initially specialising in rechargeable battery technology , BYD now has a significant market presence in electric - powered public transport .