Daimler invests HUF 50 bln to make fully-EV cars in Hungary

Automotive

German carmaker Daimler will invest HUF 50 billion at its plant in Kecskemét to add fully electric vehicles to the production palette, Minister of Foreign Affairs and Trade Péter Szijjártó said at a press conference at the plant on Monday, according to a report by state news wire MTI.

The government is supporting the investment, which will "cement the future of more than 4,400 jobs", with a HUF 15 bln grant, Szijjártó said.

Mercedes-Benz Manufacturing Hungary managing director Christian Wolff said production of Daimler's EQB brand fully electric vehicles could start in Kecskemét from Q4 2021. The model will have its world premiere next spring, he added.

A new pressing plant, announced in March 2020, will start operation in 2022.

The plant in Kecskemét turned out about 190,000 compact vehicles last year, MTI notes.

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