Former Hungarian Foreign Minister Peter Szijjarto announced Wednesday that he is resigning from parliament to take a management position at Chinese electric vehicle giant BYD, according to reports. The move aligns with BYD's expansion into Europe, including a planned factory in Hungary.
Former Hungarian Foreign Minister Peter Szijjarto announced Wednesday that he is resigning from parliament to begin a management role at Chinese electric vehicle manufacturer BYD. The move represents a significant shift from politics to the corporate sector for the 48-year-old politician, who served as foreign minister from 2014 to 2022 under Prime Minister Viktor Orbán. BYD, the world's largest EV maker by sales, has been expanding its European manufacturing presence. As The Zioneer previously reported, BYD canceled a planned $1 billion factory in Turkey and is instead building an industrial hub in Hungary, positioning the country as a key European production base. The appointment of a former senior Hungarian official to a managerial role underscores the deepening ties between Budapest and Beijing.
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