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Automotive industry

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Extended Tool Plant for Audi Hungaria in Győr

Sep 27, 2022

Following a EUR 10.6 million investment, almost a third of which is covered by Hungarian taxpayers through a government decision, the expansion of Audi Hungaria’s tool plant is now complete, providing a dynamic backdrop to the continuously developing operation of the company in Győr, NW Hungary. As a result, more space of 6,300 square meters […]

Another Large Battery Plant to Be Built in Hungary

Aug 13, 2022

Leading market player Contemporary Amperex Technology Co. Ltd. (CATL) will invest EUR 7.34 billion to build a 100 GWh battery plant in Debrecen, E Hungary, the Hungarian Investment Promotion Agency (HIPA) reports. The investment that is to create over 9,000 new jobs will become Hungary’s largest FDI project ever and is set to strengthen the […]

Mercedes-Benz New Development to Go ‘Electric Only’

Jul 21, 2022

An investment of over EUR one billion is set to propel Mercedes-Benz forward in the global electrification race as the German car manufacturer intends to install new assembly and body shop production lines at its Kecskemét plant, the Hungarian Investment Promotion Agency reports. The development that is meant to maintain 4,500 jobs and create a […]

Audi Hungaria production site in Győr

Audi to Produce Next-Gen E-Engines in Győr

Jun 21, 2022

Audi Hungaria has announced the launch of yet another electric set of engines. The next-gen engines to be made on future production lines worth EUR 300 million will be built in economy cars of the group to meet heavy market demand. The new project, where about 7% of the costs are to be borne by […]

Smart Windscreen Developed at Salgglas in Salgótarján

Jun 5, 2022

A consortium led by Salgglas Plc. of Salgótarján, NE of Budapest, has developed a smart windscreen, the project with a total cost of nearly HUF 1.5 billion was supported by the Economic Development and Innovation Operational Program (GINOP), the company told the Hungarian state news agency MTI. As they wrote, the pioneering solution allows the […]

Foundation Stone of a New BMW Plant Laid in Debrecen

Jun 1, 2022

The official foundation stone-laying ceremony of BMW Group’s new plant in Debrecen has taken place to mark the latest milestone of the investment. Worth over EUR 1 billion and creating 1,000+ jobs, the project is set to implement the three dimensions of the BMW iFactory vision, namely lean, green and digital. BMW Group establishes a […]

Further Expansion by Chervon Auto

May 16, 2022

Following the foundation stone-laying of Chervon Auto’s first plant outside China last October, the company is already expanding its production base in Hungary. In the second phase of the investment, they will establish new capacities in value of EUR 49.2 million in Miskolc to manufacture metal castings for electric vehicles which should entail the creation […]

Busch-Hungaria Production Volume Up By 20% Last Year

Apr 16, 2022

Busch-Hungária Ltd. produced about 43,000 tons of heavy vehicle parts last year, which increased the production volume of the iron foundry by 20%. The company based in Győr, NW Hungary, is part of the BPW Group. In a statement to the the state news agency MTI, the Managing Director of Busch-Hungária, Dávid Hegymegi, said that […]

Rosenberger Firms Expand Production Capacity in Hungary

Apr 2, 2022

Rosenberger Group’s two Hungarian subsidiaries, Rosenberger Magyarország Elektronikai (‘Electronics’) Ltd. and Rosenberger Cabling Automotive Ltd., expand manufacturing capacity of automotive electronics and data transfer connectors with an over EUR 44 million investment in Hungary. The development to be carried out in three countryside locations, namely in Jászárokszállás, Jászberény and Nyírbátor, all in the eastern part […]

Audi Hungaria: Stable Financial Results in 2021

Mar 17, 2022

Audi Hungaria closed the 2021 fiscal year with a stable result, despite challenges caused by the coronavirus pandemic and semiconductor shortages. The world’s largest engine manufacturing plant produced 1,620,767 engines while in vehicle production, 171,015 cars rolled off the production line – a record in the history of the company. Last year, the company generated […]

Esztergom Suzuki Plant Does Not Ship to Russia, Ukraine

Mar 10, 2022

Magyar Suzuki has announced that it stopped exporting cars to Russia and Ukraine from March because of the war, the company said in response to questions from Reuters news agency, the financial news site reports. The company used to sell around 10,000 new cars a year in the two countries and now wants to […]

Redefining the Mid-Size Luxury SUV Segment

Sándor Laczkó
Mar 10, 2022

Over the years, Lexus has enjoyed tremendous success globally, in Europe and in Hungary, thanks to the success of its eco-friendly model portfolio. Today, Lexus, which sells 99% self-charging hybrid electric vehicles (HEVs) in Europe, and has sold more than two million partially or fully electrified cars worldwide, is going even further in greening the […]

AVL Hungary Foundation Stone Laying Ceremony in Érd

Mar 7, 2022

The foundation stone of leading powertrain system developer AVL Hungary’s new vehicle test hall was laid in Érd, just SE of Budapest, where the company is building out its new center and automotive test base. The current phase of the investment announced back in 2018 is completed for EUR 20.1 million, and it creates 250 […]

Serving Society with Superior Quality

Mar 6, 2022

“Serving society with superior quality” is the mission that has defined the operation of Bridgestone Tatabánya as an integral part of the company group for 15 years. Like the parent company, the regional factory unit shapes its operations and global business policy according to the principles of its founder, Shojiro Ishibashi. Developments at the Tatabánya […]

Suzuki: Secrets of a Market Leader

Sándor Laczkó
Mar 2, 2022

With 17,650 passenger cars registered, Magyar Suzuki Corporation (SMC) reached 14.48% market share on the domestic new passenger car market in 2021. The brand has been leading new passenger car sales in Hungary for six years. The Japanese brand, which sells hybrid passenger cars in the EU markets in line with the group’s green aspirations, […]

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