German, Asian EV Makers Flock to Hungary

NTD Newsroom
By NTD Newsroom
December 17, 2022China in Focus

German automakers and Asian battery suppliers are getting together in Hungary, as the nation’s prime minister is offering up generous benefits to foreign companies—an effort to boost Hungary’s electric vehicle (EV) ambitions as a global center for EVs.

Investment in the Hungarian auto industry is dominated by three countries: Germany, known for its carmakers, plus China and South Korea, EV battery leaders.

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