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Hungary's new government increases pressure on China's BYD and CATL, reviewing investment deals and tightening environmental regulations
Hungary's new government, led by Prime Minister Peter Magyar who took office in May with a promise to shift away from former Prime Minister Viktor Orban's pro-China policies, is reviewing previously approved opaque funding and investment deals. Concurrently, it is tightening environmental regulations for factories, a move that is disrupting plans for major Chinese electric vehicle and battery manufacturers like BYD and CATL.
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