Hungary Launches Probe into BYD Deals Following Ex-Minister’s Move
Hungary is investigating deals made with Chinese automaker BYD after the former foreign minister, Péter Szijjártó, who facilitated significant government subsidies and state support for the company, resigned from Parliament to take an executive position at BYD. The investigation will…
Miami Fort Lauderdale, FL, July 21, 2026 —
Hungary has initiated an investigation into agreements made with the Chinese electric vehicle manufacturer BYD. The probe follows the recent resignation of former Foreign Minister Péter Szijjártó from Parliament. Szijjártó, who previously played a role in facilitating government subsidies and state support for BYD’s operations in Hungary, has taken an executive position with the automaker.
The investigation aims to meticulously examine the decisions, negotiations, and commitments that were made concerning BYD’s investment in Hungary during Szijjártó’s tenure as foreign minister. Details regarding the specific timeline or the exact nature of the scrutiny were not immediately available.
BYD’s presence in Hungary has been a significant development, with the company establishing manufacturing facilities and receiving substantial state backing. The circumstances surrounding the former minister’s transition from public service to a role within the company have raised questions that the current investigation seeks to address. Further information on the scope and findings of the inquiry is expected to be released as it progresses.
Story summarized from the original created by AP on apnews.com, see more information here.
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