Hungarian automotive industry: week 48 2020
Fotó: Daimler Media
MAJOSZ holds webinar on the future of Hungary’s automotive industry, Hungarian collaboration develops innovative emission measurement technology. Let’s recap what last week brought in Hungary’s automotive sector. Clicking on the highlighted items will open the full stories.
The Association of Hungarian Vehicle Component Manufacturers (MAJOSZ) held a webinar last week on the future of automotive manufacturing in the country. Although experts are expecting to see a prolonged effect of the pandemic on global sales, Hungary’s production output could still continue to increase in the future.
Collaborating with researchers from the University of Szeged (SZTE), two Hungarian companies have developed a new exhaust emission measurement technique using photoacoustic technology. The new technique could lead the way in the development of new data collection technologies.
Last week saw the production launch of Škoda’s new all-electric SUV in the Czech Republic, marking the start of a new era for the Czech car maker in its electrification efforts.
Schaeffler, a major supplier with manufacturing presence in Hungary, presented their business plans for the next five years. The company will place significant emphasis on electromobility.
Last week we received fresh data on domestic tyre sales from the first nine months of the year. Summer and winter tyres both suffered declining sales, while the market of all-season tyres saw a marked increase.
A new alliance is formed in Europe for the promotion of hydrogen-powered commercial vehicles. The alliance, formed by corporations and other industrial organizations, have agreed on the launch of 100,000 hydrogen cell commercial vehicles by the year 2030.
According to the European Commission, the European Union could become fully self-sufficient in the manufacturing of automotive batteries by 2025.
The pandemic is proving to be beneficial for Chinese manufacturers, who are now in a position to carry out their foreign investments and acquire shares in western OEMs with a time advantage.
According to the analysts of McKinsey, Hungary’s economy could close in on other Western European countries by 2030 if we are able to restore the country’s GDP growth to 4 percent.
Forecasts suggest that recent epidemiological measures will be resulting in a negative turn in Germany’s economic performance in the current quarter.
