Only economic 'war footing' can beat Biden's subsidy blitz
Business leaders urge Rishi Sunak to unveil radical reforms as US races to attract foreign investment
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Business leaders urge Rishi Sunak to unveil radical reforms as US races to attract foreign investment
Investment in the Hungarian auto industry is being dominated by three countries - Germany, a champion carmaker, plus China and South Korea, EV battery leaders way ahead of European rivals. Companies from those three countries have accounted for 29 out of the 31 cash subsidies handed out by Hungary for major investments in its auto and battery sector over the past decade, according to a Reuters analysis of government data that shows the scale of German, Chinese and Korean convergence there.
German automakers and Asian battery suppliers are getting together in Hungary in a multi-billion-dollar marriage of convenience to drive their electric ambitions.
German automakers and Asian battery suppliers are getting together in Hungary
After decades of success, the UK risks losing its car industry to more muscular rivals