In the wave of reshaping the global investment landscape, Chinese capital is once again the largest source of foreign direct investment
in Hungary in 2024, which not only injects a new vitality into the Sino-Hungarian economic cooperation, but also highlights China's
strong influence in the global investment landscape.
Hungary investment data highlights for 2024
Total investment：In 2024, Hungary's new investments totalled €10.3 billion, slightly lower than the more than €13 billion in 2023,
but for the second year in a row it has surpassed the €10 billion mark, demonstrating Hungary's strong momentum in attracting foreign
investment.
Number of investment projects：A total of 77 new investment projects have been added in Hungary, creating 18,500 new local jobs,
injecting new vigour into economic development and providing strong support for social stability.
Sources of investment：Hungary has attracted investments from 20 countries on three continents - Asia, Europe and America - fully
reflecting the attractiveness of Hungary in the global investment network.
China's investment position in Hungary
the scale of investment ：In 2024, Chinese direct investment in Hungary reached 5.28 billion euros, accounting for 51 per cent of the
total investment, securing its position as the number one source of direct investment in Hungary.
Share of Asian investments：With direct investments in Hungary from Asian countries totalling 8.2 billion euros, or 80 per cent of the
total investment in Hungary in 2024, the rise of Asian capital in the Hungarian investment scene is sharp.
Analysis of the number of investment projects
the performance of local enterprises：Hungarian local companies added the most new investment projects with 23, or nearly 30 per
cent, a record high, highlighting the vibrant endogenous dynamics of the Hungarian economy.
International Investment Layout：Apart from Hungary itself, Germany has the highest number of new investment projects in Hungary,
with 10 new projects, while China and the United States tied for second place, both with 7 new projects, which shows the diversification
and positive trend of investment in Hungary by various countries.
Industry Investment Analysis
Automotive industry：Attracting investments of up to 4.09 billion euros, or about 40 per cent of the total, and creating 10,511 new jobs,
it provided a strong boost to the Hungarian job market.
CATL Debrecen site: Europe's largest battery factory doubles capacity, driving over 100 local supply chain companies.
BYD's ‘European Bridgehead’: the first electric bus production line goes into operation, aiming at 70% market share of new energy
vehicles in Central and Eastern Europe.
Electronics industry: attracted investments of 3.98 billion euros, accounting for 38.7 per cent of the total, with 3,368 new jobs, becoming
an important engine for the transformation and upgrading of the Hungarian economy.
Wintech power device factory: put into production to fill the gap of SiC chips in Europe.
Xiaomi Smart Home R&D Centre + Huawei European Logistics Hub: synchronised landing.
Food industry: attracted investment of 807 million euros, accounting for 7.8%, adding to Hungary's livelihood economy.
COFCO acquires Centennial Mills enterprise: creating the largest flour milling cluster in Eastern Europe.
Yili Group invests 120 million euros in the construction of a demonstration base for ‘intelligent dairy industry’.
Strategic depth: decoding the ‘Hungarian phenomenon’ of Chinese capital.
Geographic battle: Budapest-Xi'an special train time limit compressed to 12 days, logistics costs fell by 37%; Chinese enterprises exported
through Hungary to the European Union tariffs dropped by 19%.
New energy ecosystem: CATL led the construction of Europe's first battery full life cycle traceability system; China Electric Construction signed
a 700MW photovoltaic project, supporting the construction of energy storage power station.
Digital new infrastructure: ZTE helps the digital transformation of Danube ports, increasing customs clearance efficiency by 40 per cent; Cainiao
Network's eHub in Budapest handles 300,000 orders per day on average, radiating to the markets of 26 countries23 .
The outstanding performance of Chinese capital in the field of Hungarian investment has not only injected a strong impetus to Hungary's economic
development, but also set a successful model for Chinese enterprises to expand overseas markets and optimise their global layout. The continuation
of this good story of cooperation will open up a broader path for the common prosperity of the Chinese and Hungarian economies and inject
more positive energy into global investment cooperation.
