Chinese automotive powerhouse Halms is investing HUF 80 billion (€226 million) in a new Miskolc plant that will produce up to two million aluminium components annually using only recycled material, supplying premium car makers BMW, Volvo, Tesla and Jaguar.
The announcement, made Friday by Foreign Minister Péter Szijjártó, comes after Halms’s 2023 Debrecen processing facility and cements Hungary as the group’s European manufacturing hub.
Phased over three stages in Miskolc’s Southern Science and Technology Park, the project targets initial operations by summer 2026 with 300 jobs, scaling to 1.000 by 2032. Components will span engine housings, transmission systems and structural parts.
The move is boosting Hungary’s auto prowess, home to all three German giants, with Chinese companies delivering over 30% of last year’s European FDI inflows for a third straight year.
 in Miskolc auto parts factory using only recycled aluminium for 2M components/year.){kind=link}