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China Xplained | What's driving Hungary's love in Chinese electric cars?

2025-05-21

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.

Author:管理员

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Xianning Hot Spring Valley Resort traffic info

Business zone:
Area: Xianan District
Address: Main Gate of Qianshan National Forest Park, No. 1 Special, Wenquan Yueliangwan Road, Xian'an District, Xianning, Hubei, China

Xianning Hot Spring Valley Resort reserve:+8620-86009099 Busy or no answer, online booking please!
Catering Entertainment:+86-715-8199999   Meeting room reserve

Xianning Hot Spring Valley Resort address: Main Gate of Qianshan National Forest Park, No. 1 Special, Wenquan Yueliangwan Road, Xian'an District, Xianning, Hubei, China

咸宁温泉谷大酒店(潜山国家森林公园店)Xianning Hot Spring Valley Resort

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