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Tuesday, 21 July 2026
Politics

Hungary Probes BYD Deal After Ex-Foreign Minister Takes Job at Chinese Carmaker

Talivio News · Global 1 min read
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The Hungarian government is investigating a major foreign investment deal with Chinese automaker BYD. The investigation was announced on Monday.

Peter Szijjarto, a former Hungarian foreign minister, resigned from parliament last Wednesday to take an executive position at BYD. Szijjarto previously organized substantial government subsidies for BYD while serving as foreign minister.

Szijjarto's move to BYD prompted accusations of a conflict of interest. BYD is the world's top electric carmaker.

Accusations of a conflict of interest have emerged after Szijjarto's move to BYD.

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BYD is ranked as the world's top electric carmaker.

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Sources

  1. independent.co.uk — Hungary probes deal with China's BYD carmaker after ex-foreign minister takes job there (opens in a new window)
  2. South China Morning Post — Hungary investigates deal with China’s BYD after ex-foreign minister takes job there (opens in a new window)
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