News Snapshot:
Contemporary Amperex Technology Ltd (CATL), China’s biggest electric vehicle battery maker, announced it would build a 7.34-billion-euro (50.79 billion yuan) battery plant in Hungary. Once built, it is set to be Europe’s largest battery cell plant. Hungary said that it will be “the biggest ever greenfield investment in the history of Hungary.” Some foreign media claimed Hungary got the “biggest ever investment in history” because of “supporting China,” which is a bit sour: While verbally saying “No,” they have paid high attention to the investment trends of the Chinese companies. Why did Hungary attract investment from CATL? Anyone with discerning...