GUANGZHOU, China, May 21, 2025 /PRNewswire/ -- A report from GDToday:
Hungary has rapidly emerged as a favored destination for Chinese electric vehicle makers, with Shenzhen-based BYD recently announcing its decision to establish its European business headquarters and a new research and development center in Budapest.
Other major Chinese EV and battery giants, including NIO and CATL, have either broken ground or expanded their operations in Hungary.
Chinese investments have become an "indispensable engine" of Hungary's economic growth, Hungarian Prime Minister Viktor Orban said on Thursday.
Why is the Central Eastern European country proactively welcoming Chinese investments? And why are Chinese EV giants all eyeing Hungary as a major part of their global strategy? In this episode of China Xplained, we'll travel to Budapest to find out the answers.
Video - https://mma.prnewswire.com/media/2693004/video.mp4
source: GDToday
【你點睇？】煙民涉推撞食環署女職員致擦傷肩休448日病假，4年後食環署索賠44萬損失，你認為做法是否合理？► 立即投票
