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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 […]

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