Hungarian automotive industry: week 31 2018 edition
Last week’s big announcement was yet another global OEM’s move to open a manufacturing plant in Hungary. We’ve collected the main points of BMW’s giant investment in Debrecen. Let´s recap what last week brought in Hungary’s automotive industry.
BMW
It was announced early last week that BMW had chosen Debrecen, Hungary, as the location of its latest manufacturing plant. Production is scheduled to launch in 2023.
The OEM has been known as the “invisible manufacturer” in Hungary, as it has purchased products and services at a value of €1.4 billion from Hungary, provided by 90 different Hungarian suppliers. This number is expected to further grow in the future.
We ran a number of articles dissecting the possible reasons behind BMW’s decision to opt for Debrecen.
Decision makers said they favoured the town’s infrastructure, logistical network and the location of BMW’s existing supplier network.
As one of the side effects, house prices are expected to increase by 40 percent in Debrecen in the years to come.
Hungarian auto industry
The scheduled summer shutdown has started at Audi Hungaria. The company will carry out scheduled maintenance work in this period.
There are 10,152 Hungarian companies engaged in goods transport, 902 fewer than last year.
Commuting between small towns with more labour reserves and major cities is significant, Gyula Porga, mayor of Veszprém, told our site in an interview.
Ilona Dávid, former president and CEO of MÁV, has been named as the new president and CEO of Volánbusz Zrt.
The former Béke Szálló in Oroszlány has been converted into a 270-bed workers’ hostel.
Appreciation in the automotive industry has increased by 1 percentage points to 4.5 percent from the previous month.
Users will now have to pay to use electric chargers at Mol petrol stations: effective on August 1st, a fast charge costs HUF 2,990, while regular charging costs HUF 1,990.
“Thanks to our team’s committed work, we finished 5th out of 28 teams in the engineering design category in the class of internal combustion vehicles,” Gábriel Gudra, Arrabona Racing Team captain, told our site after the first race of the season.
The Győr-based Audi plant has expanded its production portfolio with a new diesel engine.
Co-working areas, incubator houses, accelerators and other organisations engaged in focusing innovation brainpower have been active in Hungary for several years. The key feature of Millenáris Startup Campus is its size.
“We would like to build a critical mass and diverse ecosystem that includes large businesses, startups, knowledge management organisations, researchers, experts and universities alike,” Gábor Major, the secretary general of IVSZ, said in connection with the community space.
