BYD’s Newest Cargo Ship Expected to Set Sail to Europe The world's largest new-generation vehicle manufacturer is to launch the third ship in its planned fleet of eight car carriers.... 2025.01.10.
2024 the Second Most Successful Year regarding Investment Stimulation Last year was the second most successful year in the history of the Hungarian economy in terms of investment stimulation,... 2025.01.10.
First Locally-made Electric Articulated Bus Ready for the Road The Kravtex-Kühne Group and Volánbusz unveiled Hungary’s first locally manufactured electric articulated bus, the Electronell 18, at a ceremony in... 2024.12.19.
Switzerland’s Feintool to Invest EUR 31 million in Tokod Hungary is positioning itself as one of Europe's most attractive investment environments, with a particular focus on the burgeoning electric... 2024.12.18.
Mercedes in Kecskemét Prepares for Future Models with One-Month Pause The Mercedes factory in Kecskemét (central Hungary) will pause production from December 18 to January 20 for its annual winter... 2024.12.13.
BYD Shifts Focus to Mid-Range Cars at Szeged Plant Chinese carmaker BYD has announced details about its long-anticipated factory in Szeged, southern Hungary, writes Világgazdaság based on the German... 2024.12.12.
Swiss Automotive Giant Feintool Relocates to Hungary, Leaving Germany Behind Swiss automotive multinational company Feintool has announced the closure of its plant in Baden-Württemberg, Germany, and the relocation of its... 2024.12.12.
Automotive Sector Poised for Major Expansion with Bosch Investment Hungary's economy is set for visible growth in 2025, with significant contributions from the automotive industry. This development is largely... 2024.12.09.
Construction of Debrecen BMW Group Plant in Full Swing The construction of BMW's new plant in Debrecen (eastern Hungary) is proceeding at full speed, and the plans are unchanged,... 2024.12.09.
Debrecen Becomes Key Hub for BMW’s Electric Future BMW’s expansion into Debrecen (eastern Hungary) marks a significant milestone in the company’s commitment to electrification and innovation. The company's... 2024.12.04.
Budapest Declaration Could Help Improve European Competitiveness Minister for National Economy Márton Nagy at the COMPET meeting in Brussels Real steps must be taken next year to... 2024.11.29.
First BMW Rolls Off the Production Line in Debrecen The first test production vehicles of the all-electric Neue Klasse X model have been assembled at the BMW Group's Debrecen... 2024.11.21.
EU Targets for E-mobility Transition Are “Overly Ambitious” Róbert Krisztián, President of the Association of the Hungarian Automotive Industry (MAGE) and Deputy CEO of Magyar Suzuki Zrt., warned... 2024.11.20.
Completion Date of the First BYD Car to Be Produced in Hungary Revealed China's ambassador to Hungary, Gong Tao, visited Szeged (southern Hungary) last Thursday, where he was received by Mayor László Botka.... 2024.11.11.
Chinese Battery Factory CATL to Start Production in Debrecen Next Year Battery cell production is scheduled to start in 2025 at CATL's newly built factory in Debrecen (eastern Hungary), the announcement... 2024.11.07.
Economic Neutrality and Investments to Offset Dependence on German Economy According to calendar-adjusted data of the Hungarian Central Statistical Office (KSH), the volume of industrial production decreased by 5.4 percent... 2024.11.07.
From “Made in Hungary” to “Invented in Hungary”: Vision for Battery Innovation The government's goal is for Hungary to become a European research and development (R&D) center for battery technology by 2030... 2024.11.07.
German Economic Decline Deeply Impacts Hungarian Manufacturing The Hungarian manufacturing industry is facing one of its toughest years, struggling with technological transitions and Europe's exclusion from world... 2024.11.06.
A Visit to BYD Headquarters: Foretaste of the Chinese Giant’s Future in Szeged BYD, the world's leading manufacturer of new energy vehicles, announced in 2023 that it would build its first European car... 2024.11.05.
China Repositions EU EV Investments, Hungary Emerges as Key Beneficiary China has called on its major car manufacturers to halt further investments in Europe. No Hungarian project is in danger,... 2024.10.31.
EU Punitive Tariffs on Chinese EVs a Threat to Competitiveness, Minister Warns The European Commission has dealt a new blow to the competitiveness of the continent with the imposition of punitive tariffs... 2024.10.31.
