South Korean Shinheung's capacity expansion in Monor has created 700 jobs, further strengthening Hungary's role in the electric car industry revolution. That is according to Péter Szijjártó, Minister of Foreign Affairs and Trade, who spoke at the handover of the project in Monor, southeast of Budapest. The South Korean battery component manufacturer's HUF 45 billion […]
The German do-it-yourself machine manufacturer Einhell, which has until now only carried out commercial activities in Hungary, is building a factory in the country, the Hungarian Investment Promotion Agency (HIPA) reports. The opening of a new facility employing 80 people marks a new chapter for Einhell, the German producer of battery-powered DIY and garden tools. […]
Chinese electric car maker BYD is to invest HUF 10 billion to set up a battery assembly plant in Hungary, according to a statement by the Hungarian Ministry of Foreign Affairs and Trade. The company will further increase its presence in this country by building a plant in Fót, just NE of Budapest, to assemble […]
