Minister of Foreign Affairs and Trade

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These investments are layered. CATL is planning a new $. billion battery factory in Debrecen, Hungary's second largest city. To give an idea - the American semiconductor company  Onsemi wants to significantly expand the production of chips in Rožnov pod Radhoštěm , for two billion dollars, which is a really big project for the Czech Republic.Hungary is trying to become a center not only for the battery supply chain. Chinese capital helps this, and large projects attract investors from other countries.



China is at the head of the peloton in batteries, electric cars or solar energy, so other players want Chinese American Phone Number List to have it close. For example, the German BMW will build a two billion dollar battery factory near CATL. EVE Energy is planning a $. billion project. South Korea and others also bring billions of dollars into the country."The most modern technologies today are often built on Chinese companies. We will not discriminate against any company based on their country of origin.






We welcome companies that want to invest with us," Péter Szijjártó told me in Budapest . In Beijing, he recently stated that cooperation with China represents opportunities, and not a threat, as seen by the European Union and other not only Western countries."Around eighty percent of foreign investments in Hungary came from Western companies. Today we already see that seventy percent come from the East, also thanks to the fact that we launched a policy of opening up to Eastern investments.