The German Boysen Group has announced that it will build a battery casings plant in Nyíregyháza, NE Hungary that will be the first facility of its global operation to manufacture exclusively EV products, the Hungarian Investment Promotion Agency reports.
A EUR 150 million investment, over 9% of which is covered by Hungarian taxpayers through a government decision, represents Boysen Group’s intent to take a decisive step towards altering its profile to meet growing demand connected to electrification. The project will create nearly 400 jobs.
Having an around 100 years of tradition, Germany-based Boysen Group develops and manufactures exhaustion pipes, catalysts, particle filters, complete exhaustion pipe systems and many more for cars, commercial vehicles and SUVs at 23 sites worldwide. The corporation has a prestigious clientele including Audi, BMW, Daimler or Porsche.
Products for EVs and hybrid vehicles were added to the company’s portfolio from 2021 on, and the current investment is set to give another boost to this profile change. By investing EUR 150 million in Nyíregyháza, it will set up not only its first site in Hungary but also the very first facility of its global operation that is fully dedicated to serving the needs of EVs. As a result, nearly 400 workplaces will be created.
The plant in question will produce battery casings for Boysen’s strategic partner BMW that is building a brand-new factory and a battery assembly plant nearby in Debrecen. The production of battery casings includes the work processes of pressing, welding, gluing and coating, batteries as such will not be produced, the HIPA report says.
Leave a Reply Cancel reply
Top 5 Articles
- Sharing Business Experience December 10, 2022
- Hungarian Inflation Rate - the Highest in Europe December 16, 2022
- Another Korean Battery Supplier Appears in Hungary November 17, 2022
- In Strategic Partnership with the Client January 2, 2023
- Mobility is Electric for ŠKODA December 6, 2022
Articles by Date
- ► 2023 (324)
- ► 2022 (1249)
- ► 2021 (941)
- ► 2020 (899)
- ► 2019 (237)
- ► 2018 (161)
- ► 2017 (310)
- ► 2016 (279)
- ► 2015 (324)
- ► 2014 (229)
- ► 2013 (233)
- ► 2012 (250)
- ► 2011 (303)
- ► 2010 (167)
- ► 2009 (43)
- ► 2008 (3)
No comment yet. Be the first!