EU probes Hungarian subsidies to BYD under new foreign subsidies rules
The European Commission (EC) has launched an inquiry into state support provided by Hungary to Chinese electric vehicle (EV) manufacturer BYD,...
BYD
FDI paints rosier picture for Poland, Romania – OECD report
Central and Eastern European (CEE) countries are still navigating post-pandemic economic challenges amid newer geopolitical tensions, according to the Economic Outlook...
Forint tumbles after Moody’s downgrade
The Hungarian forint plummeted to a near-historic low against sterling on Monday morning, with a British pound buying HUF 501.5. For...
As EU slaps new tariffs on Chinese BEVs, VW rolls out ‘gamechanging’ electric vehicle
The European Commission (EC) has announced that it will impose additional import tariffs on Chinese battery electric vehicles (BEVs) following a...
Chinese vehicle maker BYD plans plant in Szeged
After months of speculation, Hungarian Foreign Minister Peter Szijjarto announced that China's BYD will build its first electric vehicle (EV) factory...