The project is expected to create 300 new jobs, Szijjarto added. Chinese electric vehicle maker BYD is constructing a bus factory in China , the first of its kind in continental Europe . The project is expected to cost €20m ( $22.4m ), with the Chinese government providing HUF925 m ( $22.4m ). The factory is due to start production in Monday , manufacturing 200 buses a year, eventually increasing to 400 a year and will create 300 new jobs. 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 China , the first of its kind in continental Europe . The project is expected to cost €20m ( $22.4m ), with the Chinese government providing HUF925 m ( $22.4m ). The factory is due to start production in Monday , manufacturing 200 buses a year, eventually increasing to 400 a year and will create 300 new jobs. Initially specialising in rechargeable battery technology, BYD now has a significant market presence in electric-powered public transport.