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Hungarian automotive industry: week 44 2021
BMW Group sets date for construction start for Debrecen plant, Magnus Aircraft's first Hungarian-developed aircraft completes maiden voyage, Szeged company announces innovative development project. Let’s recap what last week brought in Hungary’s automotive sector. Clicking on the highlighted items will open the full stories.
The BMW Group will build its first factory to manufacture the ”Neue Klasse” generation of models in Debrecen, where electric vehicles, designed by the group’s engineers specifically for all-electric drive without compromise, will be produced exclusively from the middle of the decade.
BMW surprised analysts after reporting on higher profits than what had been expected thanks to increasing model prices and despite lower y/y car sales volumes.
A similar trend is showing at Audi, although the company is expecting losses for the whole of the year.
Bosch has announced to invest €400 million in its two Germany-based microchip plants, which will allow the company to perform capacity-expanding projects in 2022.
Mercedes is switching to cheaper but less efficient battery variants for its low-tier models to reduce nickel consumption in manufacturing.
In the meantime, German manufacturers fear a new raw material is also becoming at risk of shortage – magnesium. This metal is chiefly mined in China, and the Germany industry is almost entirely reliant on the Asian country.
BMW Group brand Mini is expected to manufacture electric models exclusively from the early years of the 2030s.
Magnus Aircraft Zrt.’s Fusion 213 aircraft, developed and manufactured in Hungary specifically for pilot training, has successfully completed its maiden voyage.
Szeged-based SolvElectric Technologies Kft. is developing a photocatalytic (PCO) air purification system to improve community transport safety in vehicles.
SEG Automotive has appointed two Hungarians – Dr. Péter Dobos and Szilárd Vér – as plant directors to perform management duties at the company’s Hungarian unit.
