Volkswagen:Competition From China EVs: Difference between revisions

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 * The Szeged plant has already commenced production and according to Szijjarto , it's worth billions of euros. On Jan 2024, BYD signed a preliminary agreement for the purchase of around 300 hectares of land<ref name=":2">https://bbj.hu/business/industry/automotive/byd-szeged-promises-ecosystem-development-and-a-significant-economic-boost-for-the-area/</ref>.
 * BYD plans to complete the construction of the Szeged plant within 3 years. It also plans to start production in late 2025<ref name=":2" />.
-* By setting up a plant in Hungary, BYD will also benefit from cheap labor. In 2024, the average minimum hourly rate for skilled labor in Hungary was 3.96 euros<ref>https://www.timecamp.com/average-salary/hungary/</ref>. A worker at the Foxconn plant in Komárom said he was making 5.44 euros an hour<ref>https://restofworld.org/2023/chinese-ev-manufacturers-hungary/</ref>. In 2023, an ordinary operator at BYD<nowiki>''</nowiki>s Changsha factory was making 2.51 euros per hour<ref>https://en.jiemian.com/article/9375763.html</ref>. It will also reduce shipping costs. Typically, it costs between $2,000 and $4,000 to ship a car from China to the Netherlands<ref>https://www.basenton.com/how-much-does-it-cost-to-ship-a-car-from-china-to-the-netherlands/</ref>.
+* By setting up a plant in Hungary, BYD will also benefit from cheap labor. It will also reduce shipping costs. Typically, it costs between $2,000 and $4,000 to ship a car from China to the Netherlands<ref>https://www.basenton.com/how-much-does-it-cost-to-ship-a-car-from-china-to-the-netherlands/</ref>.
 == What are the challenges facing Chinese EV expansion in Europe? ==