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German car giants and Asian battery kings: a match made in Hungary

Headlines 10:50 13 Dec, 2022
The companies are flocking to central Europe
German car giants and Asian battery kings: a match made in Hungary

German automakers and Asian battery suppliers are getting together in Hungary in a multi-billion-dollar marriage of convenience to drive their electric ambitions, Qazet.az reports.

The companies are flocking to central Europe, where Viktor Orban's government is defying Western wariness of China and offering generous benefits to host foreign operations and stake Hungary's claim as a global centre for electric vehicles (EVs).