Chinese EV giant BYD to build USD 86M electric bus plant in Komárom
Chinese electric vehicle manufacturer BYD has announced a major new investment of HUF 32 billion (approx. USD 86 million)...
Another Chinese industrial giant to establish its European headquarters in Hungary
Chinese industrial giant Halms, a subsidiary of the Huashou Group, has announced plans to establish its European headquarters in...
Electrifying growth: Mercedes-Benz Kecskemét’s billion-euro bet on EVs
The Mercedes-Benz manufacturing plant in Kecskemét rolled out a total of 146,000 vehicles last year, according to the company’s...
BYD to move European headquarters to Hungary. The Szeged factory will start production this year
Chinese electric vehicle manufacturer BYD is set to relocate its European headquarters to Budapest, Reuters reports. This move aligns...
Chervon Auto to invest 48 million euros in a factory in Hungary
Chinese company Chervon Auto will make a major investment in Hungary, of 17.5 billion forints (48 million euros), Foreign...
Daimler is investing 141 million euros in Hungary to make an electric model
Daimler AG will start production of the EQB compact electric SUV in Hungary in Q4 2021, after an investment...
Thyssenkrupp to invest 6.2 million euros in Veszprem, Hungary
Thyssenkrupp AG will set up an engineering development hub with an investment of 2.2 billion forints (6.2 million euros)...