Brennan, L., Eszterhai, V. and He, S. (2024) The Chinese electric vehicle industry’s FDI in Hungary: A challenge for European policymakers. Columbia FDI Perspectives.
- Information
Information
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
Uncontrolled Keywords:
FDI screening, greenfield investments, EV industry, European policymakers, Hungary, electric vehicles, Chinese FDI
Creators:
Brennan, L., Eszterhai, V. and He, S.
Faculties, Divisions and Institutes:
Date:
28 October 2024
Date Type:
Publication
Journal or Publication Title:
Columbia FDI Perspectives
Number of Pages:
302896
Language:
English
Status:
Published / Disseminated
Refereed:
Yes
Related URLs:
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