The state is supporting the investment, which will create 400 jobs, with HUF 3.75 bln, Szijjártó said.
He noted that Hungary was home to manufacturing bases of all three big premium German car makers, while five of the world's 10 biggest battery makers were present in the country.
Hungary has become a "meeting point" for investments from the East and the West that will ensure the country is "among the frontrunners" of the electromobility transition, he added.
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