Every Chinese investment is a new incentive for more and more Chinese companies to come to Hungary

The new investments will help Hungary to lead the electric car industry’s transition and to maximise the benefits of modern investment and job creation in the wake of the world economy’s defining technological revolution, Szijjártó said on his social media page.

Chinese investment is essential to keep the Hungarian economy on a growth path. The good news is that the investment momentum is not slowing down, and Huayou Cobalt, a manufacturer of cathodes for the world’s most advanced electric battery technology, is expanding its HUF 450 billion investment in Hungary, as the company is extremely satisfied with conditions in Hungary.

The truth of what my Foreign Minister said yesterday has been confirmed: if a Chinese investment goes to Europe, it will most probably go to Hungary, the Foreign Minister added.

Source: magyarhirlap.hu