Hungarian automotive industry: week 46 2020
Fotó: BMW Press Club
BMW CEO hints 2025 production launch for new Hungarian plant, Chinese company to open new manufacturing site in Hungary to produce lithium-ion battery components. Let’s recap what last week brought in Hungary’s automotive sector. Clicking on the highlighted items will open the full stories.
Oliver Zipse, the CEO of BMW, said last week that production at the car maker’s new plant in Debrecen is expected to start in 2025, where the company will manufacture underpinnings for its upcoming full-electric models.
The Rába Group published their Q3 results last week, reporting on the automotive division being hit by a significant decline in revenues and overall losses.
Shanghai-based Semcorp will build their first non-Chinese production unit in Debrecen, where the company will manufacture separators for lithium-ion batteries.
Amplio Automatika Kft., a company engaged in the manufacturing of single-purpose production equipment for automotive OEMs, expanded their production capacity with a HUF 1 billion investment.
Inpark Kaposvár Industrial Park celebrated the launch of its first facility, a production hall built by the NIPÜF Group, which houses automotive production lines among other activities.
Volkswagen reported on declining commercial vehicle sales in the first nine months of 2020. European markets saw the largest sales drop.
BMW showcased their new fully electric SUV, the iNext, and offered more information about the car’s technical details.
Although automotive supplier Schaeffler posted on improving financial results in Q3 from the first two quarters of the year, the company is moving forwards with its original redundancy plans.
The latest data shows that Hungary has recovered from the technical recession thanks to a less significant decline in economic performance in Q3 than in the first three months of the year.
In contrast, investor sentiment in the eurozone has been on the decline in the second consecutive month, although to a less significant degree thanks to a less marked effect of the second wave of the coronavirus pandemic on the European economy.
The European Union is planning to impose new tariffs on US import goods and services over illegal American support for Boeing.
Car dealerships are facing an unprecedented transition driven by brand new technologies and shifting trends in mobility. McKinsey released an analysis on the different potential development paths of traders and manufacturers.
In an analysis we look at how the number of traffic fatalities have changed with different modes of transportation, and what might be behind these shifts.
