Péter Szijjártó has announced that he will build a new factory unit in Audi Győr

According to the ministry, the head of the ministry is Audi MEB Eco. announced in its announcement of its investment that the new plant will produce the latest electric motors for the Volkswagen Group. Production is scheduled to begin in 2025, for which the company will develop a new production area. According to the government, the development, supported by the government with HUF 8.5 billion, will further strengthen Hungary’s position in the electric car industry.

The new so-called MEB ECO (Modularer E-Antriebs-Baukasten – modular electric drive concept) drives will be built into the Volkswagen Group’s small electric cars. The production of the new product also means new competencies, as by increasing the production depth, the plate package and the rotor required for the electric drive will be made by the employees of Győr, and later the production of the power electronics will also take place at the company.

In his speech, Péter Szijjártó emphasized that the backbone of the Hungarian economy is clearly the automotive industry, which has undergone extraordinary development over the past twelve years.

The production value of the sector was HUF 3,600 billion in 2010 and HUF 9,400 billion in 2021, and the momentum has not faded despite global and continental challenges, as this number reached a record HUF 3,500 billion in the first four months of this year. forint. Twelve years ago, the sector employed 86,000 Hungarians, and today it ranked 158,000.

He underlined that the Hungarian automotive industry works with a 90 percent export share, making Hungary the 20th largest exporter in the automotive industry in the world, while it ranks only 95th in terms of population. Last year, Hungary exported the fourth most petrol engines and the thirteenth most diesel engines.

Péter Szijjártó believed that this development was largely due to Audi, which established the world’s largest automotive engine factory in Győr. According to his information, 13,000 employees work here, but together with the service companies, the company provides a livelihood for about 25,000 families.

He reminded that Audi produced 171,000 cars in Hungary last year, which is a record, and these were sold in 122 countries around the world.

The Minister pointed out that Audi is also helping to implement one of the government’s most important goals, the revolutionary transition of the automotive industry, as series production of electric motors began in Győr in 2018, and by the beginning of this year 300,000 had already been produced.

A country that can win investment in the electric car industry also has the potential for future economic growth

He said. He emphasized that Hungary was already at the forefront of the global automotive transformation and that the government was working to create large capacities in all areas of electromobility.

He also mentioned that roughly 6,000 German companies employ a total of 300,000 people in Hungary, making them the largest investor community in Hungary. The value of bilateral trade reached 60 billion euros last year, breaking a record, with an 8 percent increase in the first half of this year.

You will soon have an interview with Alfons Dintner, Chairman of the Board of Audi Hungária, at the Index.

(Cover image: Péter Szijjártó on June 21, 2022. Photo: Zsófi Szollár / Index)

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