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It entered the China market in July last year and currently offers eight co-work spaces spread across Beijing, Shanghai and Hong Kong. It operates the spaces on rented real estate. Another three such spaces are in the pipeline.

It also boasts China's first male and female undergraduates to scale Mount Qomolangma — known as Mount Everest in the West — in 1998 and 2012, respectively.

Isbrand Ho, managing director of BYD Europe, said the company was looking to buy more land to expand the production base and eventually increase the number of employees to 600, mostly Hungarians.

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It also said authorities should set clear policies for tax credits, easy access to finance, lower start-up costs, cooperation between civilians and military, support for innovation and training for SME human resources.

It has operated smoothly in several pilot projects, and a cascade of deals is likely to follow, Duan said.

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It also assured that the state of emergency would be lifted as soon as the threats posed to national security were addressed satisfactorily.

Is the ‘Seattle Freeze’ real? Data from this Tinder-like app for networking says yes

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It also promised to fine offenders.

It also told the court that the Qualcomm name derives from "quality communication", which translates as gao tong in Chinese; hence it was merely coincidence that the two companies had the same Chinese name.