The investment, which will create a hundred jobs initially, is supported with a HUF 1 billion government grant, the minister said.
Szijjártó noted that BYD, the world's second-biggest EV battery maker, manufactures electric buses in Komárom (85 km northwest of Budapest).
These buses account for around 80% of the vehicles in the public transport of London and have a market-leading position in Hungary, he added.
In China, Szijjártó met with the mayor of Shenzhen, the founder of battery maker Sunwoda and the CEO of BYD.
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