Hungarian Investment Promotion Agency

German-owned Schedl Hungária Kft., a company specializing in the assembly and in-sequence delivery of complete wheels, invests EUR 101.1 million to open new production facilities in Debrecen and Kecskemét. The greenfield investment will create 160 jobs, and as a...

2024. 03. 22.

In an effort to gear up for the transition, leading OEM Stellantis invests EUR 103 million to introduce production of electric drive modules (EDMs) at its plant in Szentgotthárd, Hungary. The step requires to accelerate EV manufacturing-related research; therefo...

2024. 02. 12.

The world’s leading manufacturer of electric and plug-in hybrid cars, BYD, is planning to make a historic investment in Szeged, Hungary. The Chinese company aims to develop its first European electric vehicle manufacturing plant on a ca. 300-hectare site in Hung...

2023. 12. 22.

A leading supplier of electric drivetrains, Schaeffler has announced to launch a major R&D project in value of HUF 5.2 billion at its Szombathely site. The development that also creates 94 new jobs will help the German company solidify its market position.

2023. 12. 19.

Germany-based technology group ZF invests EUR 62.5 million to implement two large-scale projects in Debrecen and Kecskemét, two automotive strongholds in Hungary. The investments that will create 313 new jobs is set to provide capacities to manufacture auto part...

2023. 12. 15.

Leading Korean automotive thermal solution supplier Hanon Systems invests EUR 117 million to develop three of its sites in Hungary in Székesfehérvár, Pécs and Rétság. The projects will create 250 new jobs, whilst a large scale training program is also in the pip...

2023. 12. 15.

Howmet-Köfém Kft. invests EUR 44.9 million to implement a substantial extension of its wheel plant in Székesfehérvár. The project to be completed by early 2025 will create 80 new jobs.

2023. 12. 05.

Thanks to a EUR 59.6 million investment BorgWarner takes its Hungarian operation to the next level in Oroszlány, Hungary. The American automotive supplier will add new products to its portfolio to serve demand in the hybrid and electric drivetrain segment. The p...

2023. 12. 04.

Korean-owned Hankook Tire invests nearly EUR 540 million to extend its plant in Rácalmás, located in Fejér County. The project will create over 450 jobs.

2023. 11. 23.