Hungarian automotive industry: week 23 2021
Fotó: Hanon Systems
ZalaZone test track keeps expanding, Hanon and Continental announce major investment projects in Hungary. Let’s recap what last week brought in Hungary’s automotive sector. Clicking on the highlighted items will open the full stories.
Hanon have announced a HUF 18 billion investment project in Hungary. The investment will boost the company’s Hungarian workforce to exceed 2,000 people.
Zalaegerszeg-based automotive test track ZalaZone’s highway section has been opened and put into use by manufacturers.
Continental have announced to expand their Hungarian R&D centres with a HUF 4.2 billion investment.
Foxconn have announced Hungary’s first industrial 5G network in Komárom.
A new logistics centre will be built in Páty by Futureal Group-member industrial real estate developer HelloParks.
According to the latest statistic by used car site Kocsi.hu, Audi have led Hungary’s used car market for the second consecutive month.
It is interesting to note that in May, used car sales dropped by 35 percent compared to the same month last year, despite the used car market still being in post-Covid shock and early stages of recovery back in 2020.
An explanation could be sellers withdrawing due to worsening economic prospects, leading to an increased number of postings being removed from the system as unsuccessful sales.
GE workers held a warning strike at GE Aviation’s Veresegyház plant after unsuccessful negotiations with management about their proposal to increase wages.
Last week we interviewed Pál Lovász about the potential popularity growth of midi buses in Hungary owing to the aftereffects of the coronavirus pandemic.
