The German multinational conglomerate Thyssenkrupp launches another electromobility-related development project in Veszprém, W Hungary where the company will establish an engineering service center with an investment of slightly over EUR 6 million.
The Hungarian government is to cover 35% of the investment costs of the project that promises to create 80 new engineering positions within two years.
As the Hungarian Investment Promion Agency (HIPA) notes, Thyssenkrupp Components Technology Hungary Kft. was founded in 2007. It operates branches in many places throughout the country in addition to its headquarters in Budapest with a total of more than 2,300 employees.
The company carries out both R&D and production activities in Hungary: it manufactures electromechanical steering servos and camshafts in Jászfényszaru, produces stabilizers and springs in Debrecen, while operates a chassis assembly plant and a Steel Service Centre in Győr.
The company develops electromechanical power steering systems at its Budapest competence center, which are able to cooperate with a wide range of driving support or self-steering systems. In just a few years, the centre has become an international leader and it is now considered one of the best in the world in its field.
The engineering service center in Veszprém will support the special automotive R&D activities of the German large enterprise in Hungary, which is unique in the whole world.
Top 5 Articles
What Awaits the Hungarian Economy in 2026 and 2027? April 24, 2026 - 'Recharge' Campaign Launched to Boost Domestic Tourism January 21, 2026
- Hungary’s Growth Stalls as Inflation Returns to Target Range February 6, 2026
- Business, Consumer Confidence at Two-Year High in April April 23, 2026
- Consolidating the Good Bilateral Relations May 10, 2026
