2023-11-04 09:10:02
A vehicle from the BYD luxury brand Denza in September at the IAA motor show in Munich. Image: dpa
BYD is already the market leader at home, and now the Chinese want to build their first car factory in Europe. The favorite for this is Viktor Orbán’s Hungary.
Two weeks ago Viktor Orbán was a guest in China. Hungary’s Prime Minister was received with warm words in Beijing. “We consider you a friend,” President Xi Jinping assured the visitor from Europe. While other EU member states have increasingly distanced themselves from China in recent years, Orbán’s Hungary has maintained and deepened its close relations with the Asian world power.
Marcus Theurer
Editor in the economy of the Frankfurter Allgemeine Sonntagszeitung.
China has become an important economic partner for the Eastern European country – and it looks like these ties will become even closer in the future. On his trip to China, Orbán also paid a visit to a rapidly growing model Chinese company: in Shenzhen he was a guest of the BYD car company. The manufacturer is a high-flyer in the international auto industry and is now the second largest producer of electric cars in the world behind Tesla. Company boss Wang Chuanfu presented his latest models to the visitor from Hungary in Shenzhen.
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