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 |
| DOIs | |
| Publication status | Published - 28 Oct 2024 |
Data Access Statement
N/AUN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 7 Affordable and Clean Energy -
SDG 17 Partnerships for the Goals
Keywords
- FDI screening
- greenfield investments
- EV industry
- European policymakers
- Hungary
- electric vehicles
- Chinese FDI
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