Huan Qiu Wang·2025-09-09 02:20Core Insights - BYD is signaling a major strategic move in the European market by planning to localize all electric vehicle production within the next two to three years [1][4] Group 1: Production and Market Expansion - BYD's factory in Hungary is expected to commence production this year, with plans to start operations in Turkey by 2026 [4] - Initially, BYD focused solely on pure electric vehicles in Europe but has recently entered the plug-in hybrid market, which has gained consumer popularity [4] Group 2: Product Launch and Sales Expectations - BYD plans to launch three to four new plug-in hybrid models in Europe within the next six months, anticipating that their sales will soon surpass those of pure electric vehicles [4] - The company expects its plug-in hybrids to dominate the European market within the next one to two years [4] Group 3: Brand Development - BYD's luxury brand, Yangwang, is set to enter the European market in 2027, which is expected to enhance BYD's brand image and market competitiveness in the region [4]