The electric vehicles from Hungary

BYD Auto Co. Ltd. is an automotive subsidiary of the Chinese multinational BYD Co Ltd, which is based in Xi’an, Shaanxi Province. It was founded in 2003, following the acquisition by the BYD Company of Tsinchuan Automobile Company. The Chinese multinational BYD Co Ltd The company produces automobiles, buses, electric bicycles, forklifts, rechargeable batteries and trucks. The Denza brand, a joint venture with Daimler AG, produces luxury electric cars. BYD Auto Company Ltd is the largest electric bus manufacturer in the world. Also read: No social-democrats in power, no success for China In 2016, it built a factory in the town

5G to Huawei? Romania: no way!

No way for Huawei in Romania? The Chinese group Huawei operates in Romania through Huawei Technologies SRL, a company entirely owned by Huawei Technologies Cooperatief UA from the Netherlands. The company’s annual revenue increased during the last three years, according to data from the Ministry of Finances. 2016: RON 1.27 billion (over EUR 280 million) with a profit exceeding RON 36 million, approximately EUR 8 million. 2017: RON 1.4 billion (over EUR 310 million) with a profit exceeding RON 20 million, approx. EUR 4.5 million. 2018: RON 1.9 billion (over EUR 420 million) with a profit exceeding RON 36 million,

Smoking is not good for the financial health of China Tobacco

China Tobacco International Europe Company SRL (registered in Ilfov) is owned by companies registered in China. Which are as follows: China Tobacco Anhui Industrial Corporation (62%), Hongta Tobacco Group Co Ltd (Trust) (25,6%) and China Tobacco Shaanxi Industrial Co. Ltd. (12,3%). Big investment in China Tobacco International Europe Company SRL According to the company’s website, “China Tobacco International Europe Company, hereinafter referred as CTIEC is the only manufacturing plant of China National Tobacco cigarettes in Europe and so far the largest investment project in Romania owned by the Chinese government. In the CTIEC project of foundation from Romania, the Chinese

Romania: no social-democrats in power, no success for China

The close relations with China were established during Romania’s communist period (1945 – 1989). As would be expected from an ideological point of view, the successor of the Romanian Communist Party, namely today’s Social Democratic Party, has been more sensible to the connection with the great Asian power than the politicians in Bucharest with other ideological orientations. Iliescu & Năstase The first wave of Chinese business came over the young Romanian capitalism in the ’90, when Romania was led by Ion Iliescu, a former member of the Romanian Communist Party led by Nicolae Ceaușescu until his execution, in December 1989.

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