China is Hungary’s leading foreign investor, accounting for more than one-third of the country’s foreign domestic investments.
Construction of a battery factory for electric vehicles built by China -based Contemporary Amperex Technology Co. Limited in Debrecen, Hungary on May 23, 2023. DEBRECEN, Hungary : Residents of the Hungarian village of Mikepércs are protesting the construction of what will be Europe’s largest electric vehicle factory.
“The truth is if no one ever speaks up or says: ‘Hey, there's a problem’, then this little country will be completely poisoned.”Residents’ concerns come as Hungary doubles down on its economic ties with Beijing even as the European Union warns against becoming too dependent on China.That was when Hungarian Prime Minister Viktor Orban began actively courting Beijing as part of its so-called “Eastern Opening” foreign policy strategy.
Dr Tamas Matura, founder of the Central and Eastern European Center for Asian Studies at Corvinus University of Budapest, said many legal processes have been initiated, especially regarding potential Chinese state subsidies in the sector. The residents who have sued CATL claim the government published conflicting studies regarding the CATL’s environmental impact in the area.
CATL said it will “strive to become a partner in the sustainable development of Debrecen and the wider region”, while Hungary’s government said it expects the company to comply with the country’s environmental laws.
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