HUF 20 Billion: Automaker Stellantis to Invest in Hungary
- 31 Oct 2023 7:00 AM
Multinational automaker Stellantis will invest 20 billion forints (EUR 52m) into Budapest-based aiMotive, which develops artificial intelligence and autonomous driving software, Levente Magyar, state secretary at the foreign ministry, said.
Hungary’s government is supporting the investment with a 5 billion forint grant, he added. Stellantis acquired aiMotive last year.
Stellantis, which designs, manufactures and sells 14 automotive brands, has chosen Hungary as its centre of self-driving technology and electric vehicles, Magyar said.
Heiko Schilling, Senior VP of Software and AI Engineering at Stellantis, said aiMotive’s developments could be integrated into the cars of the 14 Stellantis brands by 2026. AiMotive employs more than 200 people; this will increase by 40 for the time being.
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