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FM: Electromobility “revolution" will have big impact on global economy

Thanks to its close economic and investment cooperation with China, Hungary belongs among “the global frontrunners” of the technological transformation in the world, Minister Szijjártó said.

Péter Szijjártó, Minister of Foreign Affairs and Trade, said on Tuesday that an electromobility “revolution" taking place in the automotive industry will have a big impact on the global economy in the coming years and decades.

“China clearly has a leading role in that, evidenced by the increasing success of sales of EVs made by Chinese companies on European markets,” the foreign minister said on Facebook. Thanks to its close economic and investment cooperation with China, Hungary belongs among “the global frontrunners” of the technological transformation in the world, he said. Minister Szijjártó said he visited the headquarters of one of China’s largest vehicle makers, Great Wall Motors, in Baoding. “The result of the work of thousands of development engineers is visible: a constant renewal of the top technology makes the company one of the most successful players in the Asian and global markets,” the minister said.