Stellantis, which designs, manufactures and sells 16 automotive brands, will begin manufacturing electric engines at the Szentghotthárd plant.
The foreign minister hailed the project as “one of the most important investments in Hungary’s economic history by one of the world’s largest electric car makers”.
BYD’s new factory will be one of the most significant investments in the history of the Hungarian economy, creating thousands of new jobs
Minister Szijjártó said the “revolutionary transformation of the automotive industry” was the “backbone of the European and global economy”.
Minister Szijjártó said the program will involve the upgrade of the network of electric vehicle charging stations and government subsidies for the purchase of EVs.
Half of the number of green number plates are electric. 21,000 more vehicles were registered as environmentally friendly in the first seven months of the year than in the same period of 2022, while the number of green motorcycles doubled.
The foreign minister insisted that the planned factories were instrumental in saving jobs and meeting environmental goals.
The Boysen Group is creating 400 new jobs in Nyíregyháza, in eastern Hungary, with a 60 billion forint investment that will turn out parts for electric cars supplying BMW’s Debrecen plant.
The foreign minister identified the electric vehicle industry as the true meeting point of the East and the West, adding that the major Western car manufacturers would soon shift their focus to electric vehicles.
Close to HUF 650 million (EUR 1.7m) in European Union funding will cover half of the cost of installing 134 of the charging stations and Budapest Airport will cover the full cost of installing 42.
Mercedes will invest HUF 50 billion to add electric vehicles to their production line here in Hungary.
NKM Mobilitas constructed the charging point near the M7 motorway in Sormás and plans on opening more across the country
MOL plans to double the number of Limo cars by 2020 and extend the service to the entire area of Budapest. Liszt Ferenc International Airport could be added to the system as early as 2019