Former Hungarian Foreign Minister Péter Szijjártó resigned from parliament to join Chinese electric vehicle company BYD as an executive responsible for external relations and new business development. Szijjártó, a longtime ally of former Prime Minister Viktor Orbán and advocate for closer ties with Beijing and Moscow, faced criticism from current Prime Minister Péter Magyar, who accused him of lobbying for massive Hungarian subsidies to BYD before joining. BYD is establishing its new Hungarian factory as its main European production hub, expected to begin car assembly later in 2026.

Former Hungarian Foreign Minister Péter Szijjártó resigned from parliament to join Chinese electric vehicle company BYD as an executive responsible for external relations and new business development. Szijjártó, a longtime ally of former Prime Minister Viktor Orbán and advocate for closer ties with Beijing and Moscow, faced criticism from current Prime Minister Péter Magyar, who accused him of lobbying for massive Hungarian subsidies to BYD before joining. BYD is establishing its new Hungarian factory as its main European production hub, expected to begin car assembly later in 2026.