Continental Inaugurates R&D Expansion in Budapest

Automotive

Photo by MTI/Zoltán Balogh

German-owned Continental Automotive Hungary inaugurated its Application Development Centre at its R&D base in Budapest on Monday, according to a report by state news wire MTI.

Continental is a particularly important partner for Hungary, as the car is now a product that can be digitally modified, so software development at domestic locations can play a key role in the vehicle production of the future, Technology and Industry Minister László Palkovics said at the event.

Ghada Elramly, the European head of Continental's driving support and automated driving solutions segment, said that important tasks will be performed at the new center, it is expected to implement complex projects, from development to testing to cyber security tasks.

Continental earlier reported that it is spending HUF 4.2 billion to expand its research and development centers in in Budapest and Veszprém, and that the government is supporting the investment with a HUF 1 bln grant.

Balázs Loránd, the head of Continental's driving support and automated driving solutions division in Hungary, said on Monday their R&D centers are planning to make several hundred new hires in the coming years.

Continental group has over 8,000 employees in Hungary.

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