Porsche Hungária Innovation and Education Center

The vehicle importer Porsche Hungária is to establish an Innovation and Education Center with an investment of HUF 2 billion. The cornerstone laying ceremony took place next to the company's Budaörs component center outside the Hungarian capital.

At the event, László Mosóczi, Minister of State for Transport Policy at the Ministry of Innovation and Technology (ITM), praised the fact that the Hungarian importer of Volkswagen Group brands is playing its part in innovation and professional training by setting up this center. He stressed that the Hungarian government's intention is to steadily increase the share of research and development capacity in new investments in the sector.

The Managing Director of Porsche Hungária, Balázs Németh, said that the HUF 2 billion investment will be carried out by the company from its own resources. The innovation center will be home to the importer's training and technical education, primarily for the 1,000-strong sales and service staff.

It is planned to provide more than 2,000 training days per year to the network of authorised car repairers. Porsche Hungária is thus actively supporting vocational training in the automotive industry.

The investment will enable Porsche Hungária to expand its multifunctional training capacity. The center, which will be completed next year, is expected to create 5-10 new jobs in the company in the field of education.

Balázs Németh also said that the Volkswagen Group is committed to greening and that by 2030, 50% of its vehicle sales will be electric vehicles. To this end, the company is introducing new models every year.

Porsche Hungária is one of Hungary's largest importers of motor vehicles, with 74 service points and 95 sales outlets. Its sales revenue in 2020 was HUF 361 billion, up from HUF 403 billion a year earlier. After-tax revenue was HUF 4.7 billion in 2020 and HUF 2.3 billion in 2019.