
BYD, a global leader in the electric vehicle market, has announced the European production of one of its most affordable models, the BYD Atto 2, at its plant located in Hungary. This decision marks a significant step in the brand's expansion strategy on the European continent and has direct implications for the Portuguese electric vehicle market.
Local production of the Atto 2 in Europe could lead to a reduction in the final price for consumers, thanks to decreased costs associated with import tariffs. Currently, the model is sold starting at €32,990 in other European markets, and it is estimated that the price for the Portuguese market will be slightly higher, around €34,000, due to VAT differences.
BYD's plant in Szeged, Hungary, is scheduled to begin production of the Atto 2 in the second quarter of 2024. This site has an annual production capacity of 300,000 vehicles, highlighting BYD's ambitions in Europe. The Atto 2 will be produced exclusively in its electric version in Europe, while the plug-in hybrid variant will continue to be manufactured in China.
The BYD Atto 2 is a compact SUV that will compete directly with models such as the Peugeot e-2008, Volkswagen ID. Cross, and Skoda Epiq. Local production not only helps BYD avoid significant import tariffs, which reach 27%, but also could make the Atto 2 eligible for tax incentives in markets like France.
For Portuguese buyers, European production of the Atto 2 means potentially more competitive prices and quicker availability. The electric vehicle market in Portugal has been growing, and options like the Atto 2, with its attractive features and affordable price, can further stimulate this growth.
The BYD Atto 2 is available in Portugal in several versions. The electric Boost version starts at €29,850 (+VAT), while the Comfort version with a larger battery starts at €37,990. The plug-in hybrid version (DM-i) is available from €33,990. These prices may benefit from potential electric mobility incentives.
The BYD Atto 2 is produced at BYD's factory in Szeged, Hungary, which has an annual capacity of 300,000 vehicles. European production applies exclusively to the fully electric version, while the plug-in hybrid variant continues to be manufactured in China. This local production helps avoid import tariffs of up to 27%, resulting in more competitive pricing.
The BYD Atto 2 Comfort electric version features a 64.8 kWh Blade battery (LFP), a 150 kW (204 hp) motor with 310 Nm of torque, and offers up to 430 km of WLTP range (over 600 km in urban cycle). DC fast charging supports up to 155 kW, allowing a charge from 10% to 80% in approximately 25 minutes. The Boost version comes with a 51 kWh battery and 345 km WLTP range.
The BYD Atto 2 is positioned as a compact SUV, while the Renault 5 is a city car and the MG4 a hatchback. In terms of pricing, the Renault 5 starts at €24,900 and the MG4 at €26,750, making them more affordable at base level. However, the Atto 2 offers more interior space, a 400-litre boot, up to 430 km range in the Comfort version, and 155 kW fast charging, surpassing both rivals in versatility and charging capability.
The BYD Atto 2 is available in Portugal through the official BYD dealer network, which includes partners such as the Salvador Caetano Group and M. Coutinho (MCostas). Dealerships can be found in major Portuguese cities including Lisbon, Porto, Braga, Aveiro, and Faro. You can request a quote and schedule a test drive directly on the official dealer websites or at byd-auto.pt.
BYD plans to further expand its production in Europe, with the possibility of opening a third factory, possibly in Spain. This expansion aims to increase production capacity and reach new markets, consolidating BYD's presence on the European continent.
In summary, BYD's decision to produce the Atto 2 in Europe is good news for Portuguese consumers, who may access an affordable electric vehicle with fewer import-associated costs. With the growing popularity of electric vehicles in Portugal, the Atto 2 could become a popular choice among local consumers.