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Surge in electric vehicles makes Hungary top Chinese investment partner in Europe, study finds

( June 7, 2024, 09:17 GMT | Official Statement) -- MLex Summary: Hungary has become the top investment destination for China in Europe, propelled by a surge in the electric vehicle industry, a report by the Brussels-based think tank Merics has found. Hungary attracted 44 percent of Chinese direct investment, 9 points more than the UK, Germany, and France combined. Over two-thirds of Chinese foreign direct investment was made in the electric-vehicle sector, while M&A investments fell by 58 percent in 2023.Full study attached....

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