Browsing: Hungary

High-end vehicle severely damaged in solo accident on Kerepesi Road

Hungary’s Viktor Orban has welcomed Chinese investment, potentially undermining EU efforts to protect its car industry.

Chinese car giant BYD’s plans to establish its European headquarters in Hungary could bypass EU tariffs on Chinese electric vehicles, potentially crippling European carmakers.

Chinese electric vehicle giants like BYD, NIO, and CATL are expanding operations in Hungary, making it a key part of their global strategy

Recent data from the European Automobile Manufacturers’ Association (ACEA) reveals a slight decline in the market share of electric vans in the first nine months of 2024, even as the overall van market experiences growth.