This inconspicuous small country has attracted large scale investment from China, Why?

#Investment #NewEnergy #CATL Do you know how important Hungary is to China? In August this year, Contemporary Amperex Technology Co. Limited (CATL) announced an investment of 50.9 billion yuan to build a 100GWh power battery production line in Hungary. This is the second factory built by CATL in Europe after the German factory, and the amount is much larger than the billions of yuan in the German factory. “We know very well that while we are celebrating here, those who attack our cooperation with Eastern countries are actually very jealous.“ said Hungarian Minister of Foreign Affairs and Foreign Economy Szijjarto Peter in a speech at the signing ceremony with CATL.