An automotive company creates nearly two hundred jobs in Hungary

According to the ministry's press release, the head of the ministry said that the company is making greenfield investments in two locations, in Debrecen and Kecskemét, and in its newly established units it will carry out wheel assembly and sequencing activities for BMW and Mercedes-Benz cars manufactured in Hungary between 2025 and from.

The value of the project is 40 billion forints, for which the state provides a subsidy of two billion forints, thus facilitating the creation of 160 new jobs in the two cities – informed Péter Szijjártó, who also mentioned that the new investment won in the fierce competition further strengthens the leading role of the German investment community In Hungary, where about twenty percent of foreign working capital can be linked to German companies, and the number of people employed by them exceeds 300 thousand.

Full steam towards electromobility

In his speech, Péter Szijjártó also reported on the unpredictability and crises of recent years, underlining that although the global economic status quo was broken three times within a short period of time, there was one process that, despite all the difficulties, is moving forward unstoppably: the electric transition of the automotive industry.

He emphasized that this technological revolution presents a new challenge to all players in the world economy, both governments and businesses.

„We, Hungarians, entered this new competition with serious ambition, as we declared our goal from the very beginning that we not only want to participate in this new competition, but also to be among the best in it," he said.

He explained that the transition of the automotive industry brought about a world economic era in which civilized and cultured cooperation between East and West is more important than ever due to mutual interdependence.