New BYD and BMW car plants in Hungary to start production in H2 2025, govt says

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New BYD and BMW car plants in Hungary to start production in H2 2025, govt says

Reuters11-14 17:18

BUDAPEST, Nov 14 (Reuters) - Car plants under construction by Chinese BYD and Germany's BMW are expected to start production in the second half of 2025, which could help boost Hungary's economic growth, Prime Minister Viktor Orban's chief of staff said on Thursday.

Hungary's economy dipped into a technical recession in the third quarter as it contracted by 0.7% from the previous three months, weighed down by weakness in farming, industry and construction.

(Reporting by Krisztina Than and Anita Komuves)

((KOMUVES.Anita@thomsonreuters.com;))

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