Courtesy of The New York Times, an article on BYD’s announcement that it will build a plant in Hungary: BYD, China’s electric-vehicle juggernaut, said Friday it would build an assembly plant in Hungary, its first production facility for battery-powered cars in Europe and the latest sign of the company’s ambitious plans to expand beyond Asia. […]
Read more »Courtesy of Schroders, commentary on emerging Europe, a bright spot in a challenging year for emerging markets: It has been a tough year for global emerging markets (EM) given a combination of strong US performance, and weak China performance. Dispersion of returns within the EM universe has been wide, and there have been winners and […]
Read more »Courtesy of Bloomberg, a look at how Hungary is going all in to become one of the world’s biggest suppliers for EVs, and Viktor Orban won’t let anything get in the way: Next to fields of corn and sunflowers near the city of Debrecen in eastern Hungary, workers in hard hats pour concrete into the […]
Read more »Via Rest of World, a look at how Chinese EV battery firms are being drawn to Hungary’s access to European automakers, government subsidies, and favorable relations with China: As Chinese EV companies go global, many battery manufacturers are expanding to Hungary. Strong bilateral relations and a favorable business environment have made Hungary an appealing destination […]
Read more »