Continental spends HUF 4.2 bln to expand R&D in Hungary

Automotive

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German-owned Continental Automotive Hungary is spending HUF 4.2 billion to expand its research and development centers, Minister of Foreign Affairs and Trade Péter Szijjártó said on Monday according to a report by Hungarian news agency MTI.

The government is supporting the investment, which will create 70 jobs for highly-skilled Hungarians at the company's R&D centers in Budapest and Veszprém (NW Hungary), with a HUF 1 bln grant, Szijjártó said.

German automotive industry supplier Continental's local unit will develop new sensors, using artificial intelligence, with functions that can serve as the foundation for self-driving vehicles, he added.

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