On June 24, BYD Auto and European steel manufacturer voestalpine Group signed a cooperation agreement in Vienna, Austria. voestalpine will supply steel for BYD's passenger vehicle factory in Hungary. Li Ke, Executive Vice President of BYD, and Herbert Eibensteiner, CEO of voestalpine, jointly attended the signing ceremony. The agreement includes the supply of steel sheets and plates, and voestalpine has also become one of the first supply partners for BYD's factory in Szeged, Hungary. Li Ke stated that BYD hopes local consumers will view BYD as a European manufacturer within the next five years, and the Hungary factory is at the core of this strategy.