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Hungary expects $3B in new Chinese auto industry investment

Mercedes B class production Hungary
Mercedes production is pictured in Hungary. (Laszlo Balogh/REUTERS)
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By:
Bloomberg
May 16, 2023 09:17 AM

Hungary is expecting 3 billion euros ($3.3 billion) in new Chinese investments in the automotive sector, further boosting the central European nation as a regional center in the transition to electric mobility, Foreign Minister Peter Szijjarto said.

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