Hungary Turns Up Heat on China's BYD and CATL

Hungary's new government is increasing pressure on Chinese companies BYD and CATL, two major investors in the country. BYD makes electric cars. CATL makes electric car batteries. Both are building large factories in Hungary. The government wants these companies to meet stricter rules. Details of the new demands have not been made public. The move signals a change in Hungary's approach to Chinese investment. For years, Hungary welcomed Chinese money to build its electric vehicle industry. BYD and CATL have not yet responded to the government's pressure. The two companies have invested billions of euros in Hungary. Their factories are expected to create thousands of jobs. It is not clear if the new pressure will affect these projects.