“[Hungary and Serbia] are the leading recipients of Chinese foreign direct investment in 2023 in Central and Eastern Europe. China is building and partly financing a Budapest-Belgrade high-speed railway. Chinese electrical vehicle battery manufacturer CATL is investing $7.6bn in the Hungarian city of Debrecen for the construction of a battery plant. It would be Europe's largest electrical battery facility. It would be CATL's single-largest overseas investment and its second facility in Hungary.”
29 Jan 2024
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