Chinese car manufacturer BYD has announced that it has reached agreement with voestalpine, an Austrian steel and technology group, to supply its new passenger-car factory in Hungary.
Confirmed by BYD Executive Vice President Stella Li in Vienna, alongside voestalpine CEO Herbert Eibensteiner, the agreement covers sheet steel, and makes voestalpine one of the first confirmed supply partners for the Szeged facility.
BYD said it chose voestalpine because of its geographical proximity to the factory in Hungary, and the ‘high quality and excellent reputation of Austrian steel’.
The agreement marks a significant step in BYD’s localisation policy, as the brand continues to expand its operations across Europe.
BYD cars will be on sale in 29 European countries by the end of 2025, and its sales network will comprise more than 1000 retail stores. In addition, BYD recently committed to a new European headquarters in Budapest, along with its first bespoke European R&D centre, also in Hungary.
BYD Executive Vice President Stella Li said: “BYD has always been clear that we have come to Europe to stay in Europe – and to produce here. Our commitment to the European market is strong and as we’re showing here, it goes far beyond pure car sales. We’re applying a long-term vision here, with the goal of being seen by consumers, within the next five years, as a European manufacturer. Our factory in Hungary is at the heart of this process, of course, so every local supplier we announce is another significant step. I’m delighted that we will be working with voestalpine, a company that has a long history of innovation and a commitment to decarbonisation and sustainable CO2 reduction.”
Herbert Eibensteiner, CEO voestalpine, said: “With its high-quality steel products, voestalpine is an important partner for the global automotive industry. We offer renowned automotive manufacturers and suppliers reliable and sustainable solutions, thanks to our unique combination of technology and materials expertise. Our products can be found in almost all automotive assemblies – from the body and powertrain to safety-critical components. Starting this fall, we will be supplying BYD – a Chinese technology company that manufactures in Europe – from our location in Linz. We are confident that this initial order for the production of high-quality flat steel for car bodies and outer panels will lay the foundation for a long-term partnership.”
V2H tech pilot
BYD has also announced that Austria will become the European Union pilot market for the implementation of V2H (Vehicle to Home) technology in its vehicles.
