As more and more Chinese new energy vehicle companies expand their markets in Europe, upstream companies in the automotive industry chain from China and Europe are also joining hands to lay out their presence. Hungary, an Eastern European country, is one of the popular investment destinations. Chinese and European companies not only achieve win-win cooperation here, but also promote the development of local industries. 

On March 22nd, in Schlumberger, Germany, workers were working at the factory of Eswey Machine Tool Co., Ltd. Xinhua News Agency (photo provided by Eswei Machine Tool Co., Ltd.) 
We are building a factory in Hungary to establish a foothold here and collaborate with our office in Germany to serve automotive manufacturers and customers in the entire European market, "said Zhang Taixin, Engineering Director of Zhejiang Huashuo Technology Co., Ltd. Hungary Branch, to Xinhua News Agency reporters. 
Huashuo Technology is a company that researches and produces new energy vehicle components, and currently has factories built in Hungary and Mexico. Its factory located in Debrecen, Hungary, entered mass production last year, mainly producing the inner and outer shells of electric motors and transmissions for pure electric vehicles. The reporter saw that in the factory building covering an area of about 10000 square meters, local technical workers operate multiple precision machine tools and equipment simultaneously. 
Zhang Taixin said that Hungary has created favorable conditions to attract Chinese investment, and Chinese automotive industry chain enterprises investing and setting up factories in Hungary have further improved the local supply chain and promoted the development of the local new energy vehicle industry. 
Nanjing Quanfeng Automotive Precision Technology Co., Ltd. invested 120 million euros in 2020 to build a factory in Miskolc, Hungary. The factory covers an area of over 30000 square meters and has 5 full process production lines. It achieved mass production in the fourth quarter of last year, producing high and low voltage motor casings, motor end caps, inverter cover plates, and shells. Shi Jiaqi, Vice President of Quanfeng Automotive Europe, said that the European new energy vehicle market is developing rapidly, and the company's establishment of a factory in Hungary has shortened the delivery cycle, greatly improving its supply capacity to European customers. 
The complexity, precision, and high demand of automotive components cannot be separated from high-precision machine tools and equipment. In order to better meet the needs of Chinese partners, European companies that have been deeply involved in the Chinese market for many years have also partnered with Chinese automotive parts manufacturers to expand their presence in Hungary. 

Esway Machine Tool Co., Ltd. in Germany mainly supplies multi spindle machine tools and automated production lines, with customers including leading automotive suppliers such as Tesla and BYD, such as Huashuo Technology and Quanfeng Automobile. According to the needs of Chinese customers operating in Europe, Esvi has established a spare parts warehouse in Hungary and is continuously improving its services, "Stefan Weber, Esvi's Managing Director of Production and Technology, told reporters. 
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About 40% of Eslite's global revenue comes from China, and there is potential for further growth. If Chinese companies succeed in their projects, we will also succeed. This is a win-win situation and a new round of 'China opportunities', "Weber said. 
Zhejiang Shuanghuan Transmission Machinery Co., Ltd., a customer of the German EMAG Group, opened a factory in Aschni ş oru, Hungary at the end of last year and is expected to achieve standardized production by 2025. Wang Binlian, the project director of the company in Hungary, said, "Setting up a factory overseas requires equipment and technical support. EMAG has partnered with us to lay out a layout that will shorten the supply time of machine tools and equipment, while also cooperating with equipment process adaptability upgrades to help us better achieve our product cost and quality control goals 
From initially producing and selling in Germany to China, to setting up factories in China to supply the Chinese and overseas markets, and now following China's global perspective, EMAG is actively assisting more Chinese automotive parts manufacturers to enter the international market, promoting the continuous improvement of China's new energy vehicle industry competitiveness and internationalization level, "said Markus Clemente, CEO of EMAG Global." China is becoming a major participant in the global automotive manufacturing industry, and our business is constantly expanding as a result. This is win-win cooperation.