News in Brief
FM: European governments to discuss trade issues
"Brussels has put European companies in a difficult position by unnecessarily politicising economic issues," Minister Szijjártó said.
Electric Vehicles
E
News in Brief
Number of BEVs in Hungary climbs to over 72,000
By 2026, the number of BEVs in Hungary is expected to reach 120,000.
News in Brief
Nagy: Hungary rejects “brutal” EC tariffs on Chinese EV makers
Rather than curbing competition through tariffs, the EU should bolster the global competitiveness of the European vehicle industry, Minister Nagy said.
News in Brief
Nagy discusses future of electric vehicles with German car industry executives
Márton Nagy stressed the need for an action plan to speed up the adoption of electric cars and fulfil the 2035 green transition, covering the whole of Europe.
News in Brief
Stellantis to invest 45 billion HUF in moving “key element” of electromobility strategy to Hungary
Stellantis, which designs, manufactures and sells 16 automotive brands, will begin manufacturing electric engines at the Szentghotthárd plant.
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BYD signs preliminary land agreement with Hungary to build first plant in Europe
The foreign minister hailed the project as “one of the most important investments in Hungary’s economic history by one of the world’s largest electric car makers”.
News in Brief
FM Péter Szijjártó: Chinese Giant BYD to Establish Its First European Car Factory in Szeged Within a Massive Investment
BYD’s new factory will be one of the most significant investments in the history of the Hungarian economy, creating thousands of new jobs
News in Brief
FM: Hungary in a good position to attract electric car R&D investments
Minister Szijjártó said the “revolutionary transformation of the automotive industry” was the “backbone of the European and global economy”.
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FM: Government will next month launch 60 billion HUF scheme to promote electric cars
Minister Szijjártó said the program will involve the upgrade of the network of electric vehicle charging stations and government subsidies for the purchase of EVs.
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Energy Ministry: Number of green number plates in Hungary exceeds 76,000
Half of the number of green number plates are electric. 21,000 more vehicles were registered as environmentally friendly in the first seven months of the year than in the same period of 2022, while the number of green motorcycles doubled.
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FM: Those against plans to build battery plants serve foreign interests
The foreign minister insisted that the planned factories were instrumental in saving jobs and meeting environmental goals.
News in Brief
Boysen Group to create 400 new jobs in eastern Hungary
The Boysen Group is creating 400 new jobs in Nyíregyháza, in eastern Hungary, with a 60 billion forint investment that will turn out parts for electric cars supplying BMW’s Debrecen plant.
News in Brief
FM: Hungary is a meeting point for Eastern and Western economies
The foreign minister identified the electric vehicle industry as the true meeting point of the East and the West, adding that the major Western car manufacturers would soon shift their focus to electric vehicles.