(ANSA) - BELGRADE, MAY 16 - The Hungarian Minister of Foreign
Affairs and Trade, Péter Szijjártó, has revealed that China will
invest 3 billion euros in Hungary's automotive industry in the
coming years.
Following talks with Minister of Commerce Wang Wentao in
Beijing, Minister Szijjártó stated that the projects will
further strengthen Hungary's position as a top investment
destination in Central Europe. Szijjártó met with the CEOs of
five major Chinese corporations, four of which will invest in
Hungary's electric vehicle industry, which supplies German
automakers, the Hungarian government stated.
According to Szijjártó, Chinese companies consider Hungary to
be a top destination for their investments in Central Europe,
with Hungary having the highest volume of Chinese investments in
the region by the end of 2022. (ANSA).
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Hungary: 3 bn Chinese investment in automotive industry
For electric car sector which supplies German manufacturers