Péter Szijjártó, the former Hungarian Foreign Minister, has stepped down from his position in parliament to assume a senior role at the Chinese electric vehicle giant BYD. Announcing his decision via social media, Szijjártó described the offer as “highly prestigious” and stated that he would be transitioning from politics to take on the role of overseeing BYD’s external relations and the development of new business ventures.
BYD, recognized as the leading global producer of new-energy vehicles, is expanding its footprint in Hungary with a significant manufacturing facility in Szeged. This development, one of Hungary’s most substantial economic investments, received backing from Szijjártó during his governmental tenure. The company has solidified its status as a leader in the electric vehicle industry, having sold over 4.5 million vehicles worldwide and surpassing several major competitors in recent years.
According to officials from the Fidesz party, discussions regarding Szijjártó’s departure have taken place among party leaders, including Prime Minister Viktor Orbán, over the past weeks. The party’s executive committee is anticipated to make decisions concerning adjustments within its parliamentary group shortly.
This career move by Szijjártó underscores the strengthening economic ties between Hungary and China, particularly in the field of automotive and electric vehicle industries. His transition from politics to a prominent role in a leading global company reflects the increasing collaboration and investment between the two nations.