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BYD names voestalpine as steel supplier for its Hungarian auto plant

Published by Global Banking & Finance Review

Posted on June 25, 2025

1 min read

· Last updated: January 23, 2026

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BYD names voestalpine as steel supplier for its Hungarian auto plant
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BYD Selects Voestalpine as Steel Supplier for Hungarian Plant

BEIJING (Reuters) -Chinese automaker BYD said it signed an agreement with Austrian steelmaker voestalpine on Tuesday, selecting it as the steel supplier for BYD's passenger vehicle plant in Hungary.

The cooperation marks an important step in BYD's localisation strategy, the company said in its statement posted on its social media account on Wednesday.

(Reporting by Beijing Newsroom. Editing by Janer Merriman)

Key Takeaways

  • BYD selects voestalpine as its steel supplier for the Hungarian plant.
  • The agreement is part of BYD's localization strategy.
  • The partnership was announced on BYD's social media.
  • Voestalpine is an Austrian steelmaker.
  • This move supports BYD's European market expansion.

Frequently Asked Questions

Who is the steel supplier for BYD's Hungarian plant?
BYD has named Austrian steelmaker voestalpine as the steel supplier for its passenger vehicle plant in Hungary.
What does this agreement signify for BYD?
The cooperation marks an important step in BYD's localisation strategy, indicating their commitment to local sourcing.
When was the agreement between BYD and voestalpine signed?
The agreement was signed on Tuesday, as reported by BYD in a statement posted on its social media account on Wednesday.

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