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automotive industry

The Cooperation of Audi and Hungary Has Become a Success Story, Foreign Minister Declares

Péter Szijjártó declared that it is no longer an exaggeration to speak of the mutually respect-based cooperation between Audi and Győr, and Audi and Hungary as a true success story….

Szijjártó: The EU Will Lose Out if it Views China as a Rival

‘If the European Union views China as a rival, it will lose out. It has become evident in recent years that China has a competitive advantage in many areas of the economy,’ the minister declared. He emphasised that if the…

Szijjártó Underlines Extremely Strict Environmental Regulations for Battery Factories

Péter Szijjártó emphasised that except for Germany and China, Hungary is the only country where all three German luxury car brands have factories, and three of the world’s top ten electric battery manufacturers are already present in Hungary….

Szijjártó: Hungarian Automotive Industry is an Economic Life Insurance

Péter Szijjártó pointed out that Hungary is already the world’s fourth-largest producer of electric batteries and that in the last thirteen months, batteries have been the country’s top export product….

Economic Development Minister Meets with Leaders of Mercedes-Benz

At the meeting, the parties agreed to strengthen cooperation. They also shared the view that government support needs to be provided in order to protect Hungary’s strategically important automotive industry and preserve jobs….

Orbán Outlines Key Policies and Vision on the Economy at Hungarian Chamber of Commerce Event

‘Hungary must be a country that can have Hungarians do all the work that needs to be done in this country. If it’s uncomfortable or difficult, we need to pay more for it. If we have exhausted all of these…

A Hungarian Green Success Story in the Making: Debrecen

The massive electric vehicle-related investments that Debrecen has secured over the past year represent a major step in Hungary’s shift toward a more sustainable economic development….
The building of the Mercedes plant in Kecskemét.

Mercedes-Benz Commits to a Major Investment in Kecskemét

On 21 July, Minister Péter Szijjártó announced a HUF 400 billion expansion investment at Mercedes-Benz’s factory in Kecskemét….
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The German Automotive Industry in Hungary: An Unhealthy Dependence?

Overall, the German automotive industry employs around 50, 000 people in the country and generates 2.5 per cent of the Hungarian GDP. The production value of the industry rose by 165 per cent between 2010-2019, so the influence and significance…

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