On May 15, Hungarian Prime Minister Orban proclaimed in Budapest that Chinese investments have emerged as a significant catalyst for Hungary's economic expansion. On the same day, the Hungarian government inked a strategic collaboration agreement with BYD, a leading Chinese electric vehicle manufacturer. Under this agreement, BYD intends to establish its European headquarters and Research & Development (R&D) center in Budapest. This initiative will bolster BYD's sales and after-sales services in the European market, facilitate localized research and development of vehicle models, and is anticipated to generate a substantial number of job opportunities, thereby fostering the advancement of the new energy vehicle industry chain.
