China car maker enters partnership with Hungarian university

China’s NIO, a leading global smart electric vehicle company, announced a strategic partnership with Hungary’s Istvan Szechenyi University Foundation on Tuesday 21 May, reports Xinhua.

The collaboration aims to accelerate the green transformation of the automotive and energy sectors in both China and Hungary. The partners plan to develop new cutting-edge technologies.

“Today we witness a new agreement between a successful Chinese company and a Hungarian university,” Marton Nagy, Hungarian minister for national economy said at the event where the educational and innovation cooperation agreement was signed. Nagy emphasised the significance of this collaboration for the Hungarian economy, highlighting Hungary’s goal to become a meeting point for Eastern and Western capital and high-tech.
Full report on the People’s Daily Online site