Péter Szijjártó, the former Hungarian Foreign Minister, has stepped down from his parliamentary role to join Chinese electric vehicle giant BYD in a senior capacity. Szijjártó announced via social media that he would be leaving the political realm to oversee BYD’s external relations and advance new business ventures, describing the opportunity as “a highly prestigious offer” from a leading global enterprise.
BYD, which holds the title of the world’s largest producer of new-energy vehicles, is actively expanding its operations in Hungary with a significant manufacturing facility in Szeged. This development, hailed as one of Hungary’s most impactful economic investments, received backing from Szijjártó during his ministerial tenure. The company has solidified its status as a frontrunner in the electric vehicle market, with over 4.5 million vehicles sold globally, surpassing several key industry competitors.
The move underscores the strengthening economic ties between Hungary and China, particularly within the automotive and EV sectors. Discussions about Szijjártó’s departure have taken place among Fidesz party officials, including Prime Minister Viktor Orbán. The party’s executive committee is anticipated to deliberate on internal parliamentary group adjustments in the coming days.
Szijjártó’s transition to BYD marks a notable shift from politics to a prominent role in the private sector, reflecting the dynamic and growing collaboration between Hungary and China. The decision highlights the increasingly strategic economic partnerships shaping the automotive landscape in the region.