Schaeffler's Latest R&D Project Worth HUF 5.2 Billion

A leading supplier of electric drivetrains, Schaeffler has announced to launch a major R&D project in value of HUF 5.2 billion at its Szombathely site. The development that also creates 94 new jobs will help the German company solidify its market position.

Schaeffler Group has been a pioneer of a series of inventions in the field of mobility for over 70 years, and has become a leading automotive supplier of electric drivetrains. Ranked 2nd among Germany’s most innovative businesses, it operates 20 R&D hubs and 76 plants worldwide, and as such it is one of the largest family-owned companies globally.

The Hungarian subsidiary, Schaeffler Savaria Kft. was established back in 1996, and as part of the Group’s latest developments, a separate e-mobility plant broke ground in 2019. As part of the newly announced investment, the facility will additionally host major R&D activities as 94 related jobs will be created.

The scope of the activities will cover the development of next gen parts and subsystems for hybrid and electric passenger and heavy duty vehicles.

Schaeffler has close ties with prestigious Hungarian higher education institutes such as Szent István University, Pannon University and ELTE University, which will help find the right talent for the endeavor.