China's CATL is building EV battery plants in both Hungary and Spain.
China's Sunwoda is also building an EV battery factory in Hungary.
In the meantime, BYD is building an EV plant in Hungary.
These two EU countries will go ahead of the traditional European industrial powerhouses of Germany, France and Italy for nextgen transport.
Italy had a chance for more Chinese investment as the first Western BRIC member but the US forced Italy's PM Meloni to pull out. That may prove in hindsight to be a serious error in judgement as Europe is now not only not getting economic benefits from the US but in fact the exact opposite with US tariffs and threats.
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