BYD names voestalpine as steel supplier for its Hungarian auto plant
BEIJING, June 25 (Reuters) - Chinese automaker BYD 002594.SZ said it signed an agreement with Austrian steelmaker voestalpine VOES.VI 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) ((Xiuhao.Chen@thomsonreuters.com;))
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