- 8 Jan 2021 8:56 AM
- Hungary Matters
The investment will multiply output of the plant that manufactures battery components and create 150 jobs.
Electric vehicles will be a driving sector of the post-pandemic era, and the government has supported investment in the sector to secure its place in emerging industrial sectors, he said.
Sangsin’s expansion is the 30th similar investment in the past 5 years.
Hungary has become one of the largest battery manufacturers thanks to those investments, he said, adding that trade between the countries grew by 24% in 2020 despite the coronavirus pandemic.
MTI Photo: Noémi Bruzák