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China’s Shenzhen Kedali Industry will build a 14.1 billion forint (EUR 39.4m) lithium battery parts plant in Gödöllő, on the outskirts of Budapest, Minister of Foreign Affairs and Trade Péter Szijjártó said.
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Bock Hungária and the Government of Hungary have signed a strategic partnership agreement, and in the frame of a new project, production and storage capacities will also be expanded at the premises of the company.
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The Hungarian government has signed new investment agreements with Bavarian automotive industry supplier Rosenberger and motorhome, campervan and caravan manufacturer Knaus Tabbert, which will create and save hundreds of jobs, Péter Szijjártó, the foreign affairs and trade minister, said on Wednesday.
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India’s Apollo Tyres is investing 4.4 billion forints (EUR 12.4m) at its plant in Gyöngyöshalász, in northern Hungary, Péter Szijjártó, the foreign affairs and trade minister, said on Monday.
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South Korea’s Iljin Materials will build a 3.8 billion forint (EUR 10.7) copper foil plant in Gödöllő, on the outskirts of the capital, to supply Samsung SDI’s growing local production capacity for electric vehicle batteries, Péter Szijjártó, the foreign affairs and trade minister, announced.
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German car maker Mercedes-Benz will invest 50 billion forints (EUR 141m) at its plant in Kecskemét, in central Hungary, to add fully electric vehicles to the production palette, Péter Szijjártó, the minister of foreign affairs and trade, said.
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