Whereas the EU has for months
been deploying an anti-dumping strategy to curb China's economic
dominance in several sectors, including zero-emission cars,
Viktor Orban has announced the opening in Hungary of a factory
of the Byd Company, among the world's leading manufacturers of
electric and hybrid vehicles.
"The future of the automotive industry is written in Hungary.
The world's largest electric car manufacturer, Byd Company, is
building its first European plant in Szeged," the Magyar premier
announced on X.
Orban met with top management of the Shenzhen-founded company
in Budapest. "This multibillion-dollar investment promises
technological change, creating thousands of jobs and benefiting
local suppliers," he added. The parties pointed out that Hungary
has been China's top investment destination in Central and
Eastern Europe for years.
Hungary has established a stable relationship with China
based on mutual respect, which sets new records in economic and
trade cooperation every year," Hungarian government spokesman
Zoltan Kovacs explained on social media.
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