In a statement issued by his ministry, he noted that the base in Kecskemet would soon be able to turn out 350,000 vehicles annually, bringing Hungary closer to its goal of producing 1 million cars a year. He added that Mercedes had also brought R+D activities to the base.

Mercedes employs around 4,500 people in Hungary.

Szijjarto said Hungary had become a "bastion in Europe" of the electric vehicle industry. He added that 452 automotive industry investments, with a combined value of HUF 6,800bn, had been undertaken in Hungary over the past eleven years.

Szijjarto said Hungary's low taxes, economic and physical security, and its pool of skilled labour had brought investors to the country. He added that Hungary was one of just three countries in the world where all three premium German carmakers had manufacturing bases.

Mercedes-Benz Manufacturing Hungary managing director Jens Buhler said the company's plant in Kecskemet had turned out over 2 million vehicles since 2012.

He said the new GLB would be the second fully electric vehicle produced at the base after the EQB. He added that production of a hybrid GLB would start in Kecskemet in March.

Mercedes-Benz AG board member Michael Schiebe said around EUR 1bn had been ploughed into the base in Kecskemet since 2022. He added that part of that investment had aimed to make existing production lines more flexible, while boosting automation.

Mercedes-Benz Manufacturing Hungary had revenue of EUR 4.171bn in 2024, when it produced over 146,000 vehicles.

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com
 

*********************************************************************************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 

Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Showcase Your Business to Expats in the Loop:

As an independent portal we’re grateful to all commercial supporters who help keep you in the loop with fresh insights and inspiration. Do you want your business to reach tens of thousands of potential high-value expat customers? If so please contact us here.