The Chinese electric vehicle industry’s FDI in Hungary: A challenge for European policymakers

Louis Brennan; Viktor Eszterhai; Shaowei He

The Chinese electric vehicle industry’s FDI in Hungary: A challenge for European policymakers

Louis Brennan, Viktor Eszterhai, Shaowei He

Strategy and International Business

Research output: Contribution to Journal › Article › peer-review

Abstract

BYD, the biggest electric vehicles (EV) producer in China and the world’s largest seller of EVs, is currently establishing its first European EV factory in Szeged, Hungary. This multibillion-euro investment will create thousands of jobs in Szeged and the surrounding regions. Other Chinese companies in the EV supply chain—Nio, Eve Energy, Huayno Cobalt, Ningbo Zhenyu Technology—have also recently announced new factory projects. The latest arrival is the Chinese battery giant CATL; last year, it pledged to build a €7.3 billion battery plant. This would boost Hungary to become the second largest producer of EV batteries, only after China

Original language	English
Article number	395
Number of pages	3
Journal	Columbia FDI Perspectives
Publication status	Published - 28 Oct 2024

Data Access Statement

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Keywords

FDI screening
greenfield investments
EV industry
European policymakers
Hungary
electric vehicles
Chinese FDI

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AB - BYD, the biggest electric vehicles (EV) producer in China and the world’s largest seller of EVs, is currently establishing its first European EV factory in Szeged, Hungary. This multibillion-euro investment will create thousands of jobs in Szeged and the surrounding regions. Other Chinese companies in the EV supply chain—Nio, Eve Energy, Huayno Cobalt, Ningbo Zhenyu Technology—have also recently announced new factory projects. The latest arrival is the Chinese battery giant CATL; last year, it pledged to build a €7.3 billion battery plant. This would boost Hungary to become the second largest producer of EV batteries, only after China

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The Chinese electric vehicle industry’s FDI in Hungary: A challenge for European policymakers

Abstract

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Keywords

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