US Edition8 Articles
8 Articles
Even though the EU has introduced protectionist measures against China in order to protect its own automotive industry through cheap e-car imports, the Middle Kingdom is apparently finding enough loopholes to still gain a foothold in Europe. This is being done with active support from Hungary, where a manufacturer of important basic components for electric motors will now build a plant. Specifically, this is the Xinzhi Group, which, according to…
According to the minister, we are at the forefront of the electric car market, and the Chinese company's factory will create nine hundred new jobs, he said.
Xinzhi Group would enter the elite league of automotive suppliers with an investment of tens of billions of forints to build its first European production base in Hatvan. Szijjártó...
Based on its financial data, Xinzhi Group is not considered a particularly large automotive supplier, but it announced its cooperation with Volkswagen in June this year.
Péter Szijjártó announced a new major investment, promising almost 900 jobs - A Chinese company has decided to build its next plant in Hungary.
Coverage Details
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
To view factuality data please Upgrade to Premium
