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Another Chinese Automotive Firm to Appear in Hungary

Nov 18, 2023

Chinese-owned Evoring Ltd., a Shuanghuan Driveline company, invests EUR 104.4 million to set up a new plant in Jászfényszaru, E Hungary. The facility now broke ground where gears and shafts for EVs will be produced. The investment, some 18% of which is paid for Hungarian taxpayers, promises to create 450 jobs. Shuanghuan Driveline manufactures gears […]

Thyssenkrupp’s E-motor Component Plant Extended

Oct 2, 2023

German-owned Thyssenkrupp’s story in Hungary has reached another key milestone: the topping out ceremony of its capacity expansion marks the latest stage of the company’s journey on Hungarian soil. The EUR 58 million investment that enables Thyssenkrupp to produce rotating shafts for electronic vehicles (EV) will create 110 new jobs, the Hungarian Investment Promotion Agency […]

Large-scale LEGO Capacity Expansion in Nyíregyháza

Sep 28, 2023

A EUR 138 million investment by Danish toy maker LEGO is set to bring about yet another round of development at the Nyíregyháza site of the company in NE Hungary. Some 8% of the investmens costs are borne by Hungarian taxpayers through a government decision. Given that packaging and storage capacities will be ramped up […]

Denso Capacity Expansion in Székesfehérvár

Jun 12, 2023

Denso Manufacturing Hungary Ltd. installs three new production lines at its Székesfehérvár site and launches a large-scale reskilling program to adapt to electrification. The investment scheduled to be completed by April 2024 is worth EUR 64.4 million (over 14% of which is covered by Hungarian taxpayers through state subsidy) with up to 55 new jobs […]

Amplio Automatika Capacity Increase with EU Funding

Jan 16, 2023

Amplio Automatika Ltd., a company engaged in automation and prototype development, which designs and manufactures target machines for automotive production lines, has implemented a HUF 632 million production capacity expansion in Székesfehérvár with the help of EU funding. The project, which was supported by the EU with HUF 284.68 million, is aimed at expanding production […]

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