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

GUANGZHOU, China,May 21, 2025/PRNewswire/ -- A report from GDToday:

Hungaryhas rapidly emerged as a favored destination for Chinese electric vehicle makers, withShenzhen-based BYD recently announcing its decision to establish its European business headquarters and a new research and development center inBudapest.

Other major Chinese EV and battery giants, including NIO and CATL, have either broken ground or expanded their operations inHungary.

Chinese investments have become an"indispensable engine"ofHungary'seconomic growth, Hungarian Prime MinisterViktor Orbansaid on Thursday.

Why is the Central Eastern European country proactively welcoming Chinese investments? And why are Chinese EV giants all eyeingHungaryas a major part of their global strategy? In this episode of China Xplained, we'll travel toBudapestto find out the answers.

SOURCE GDToday