Automotive

Automotive

Nat’l Economy Minister Presses for Incentives to Boost E-Mobility Transition

National Economy Minister Márton Nagy pointed to a slowdown in the electromobility transition in Europe and urged incentives for states,...

Automotive

Automotive Sector Output Edges up 1.6% in February

The output of the automotive industry, Hungary's biggest manufacturing sector, edged up 1.6% year-on-year in February, rising after a three-month...

Automotive

Szeged Muni Council Clears Road to Service BYD Plant

The local council of Szeged (163 km southeast of Budapest) voted on a road that will service an electric vehicle...

Automotive

Automotive Faces a Bumpy Road Ahead Again in 2024

Automotive in Hungary had a tough but successful year in 2023. The near future looks equally challenging; will it be...

Automotive

Close to 2,500 Companies Apply for EV Subsidies

Close to 2,500 businesses have submitted applications for subsidies in a scheme to support purchases of EVs, the Energy Affairs...

Automotive

Green License Plate Registrations on the Rise in March

The number of vehicles with green license plates in Hungary reached a peak in March, the Ministry of Energy Affairs...

Automotive

BYD Szeged Promises Ecosystem Development and a Significant Economic Boost for the Area

The Szeged factory plans announced just before Christmas by Chinese electric automaker Build Your Dream include an ambitious timeline for...

Automotive

Mercedes-Benz Manufacturing Hungary to Raise Wages

Mercedes-Benz Manufacturing Hungary will raise wages by 8% from April 1 and by another 5% from April 1, 2025, a...

Automotive

Eve Power Starts Recruitment for Hungary Battery Plant

China's Eve Power has started recruiting for a HUF 400 billion battery plant it expects to complete in Debrecen by...

Automotive

Audi Revenue up 8% Last Year

The revenue of the local unit of German automaker Audi rose 8% to EUR 9.102 billion last year, Audi Hungaria...

Automotive

AutoWallis Becomes Importer of Geely Group’s Commercial EV Brand in Region

The AutoWallis Group has secured another agreement, this time with the Zhejiang Geely Holding (Geely Auto) Group, for the exclusive...

Automotive

AutoWallis Enters Czech Retail Market With an Acquisition

The AutoWallis Group is continuing its international expansion after agreeing on the purchase of the Czech Stratos Auto’s BMW business...

Automotive

AutoWallis Registers Over HUF 360 bln in Revenue in 2023

Car sales and mobility service provider AutoWallis Group registered a record revenue of HUF 366 billion in 2023, according to...

Automotive

Chinese Investors Lead the Charge in Boosting Hungarian Automotive

Hungary aims high in embracing investments that will deliver automotive’s electric transition. BYD’s multibillion-euro EV plant in Szeged and a...

Automotive

Avg Compulsory Vehicle Insurance Premium Close to HUF 52,900

Hungarian car owners paid almost HUF 52,900, on average, for their annual compulsory vehicle insurance premiums in the fourth quarter,...

Automotive

Budapest Cuts EV Parking Discounts but Keeps Benefits Until 2030

Budapest's City Assembly voted to reduce the parking discount for electric and hydrogen vehicles to 50%, keeping the benefit in...

Automotive

Wallis Builds Next Growth Phase on Local Knowledge and Leadership

Gyula Mező, CEO of Wallis Asset Management, tells the BBJ how the group is allocating capital, managing an increasingly int'l...

Automotive

Navigating the Hungarian Auto Market: What Expats Need to Know

After years of hands-on experience advising expat friends and colleagues on 2nd-hand vehicle purchases, Christopher Csizmár founded CarSherpa, a pre-purchase...

Automotive

Bosch Pushes AI Deeper Into Vehicle Safety and Automated Driving

Bosch used its recent AI Symposium 2026 in Budapest to show how artificial intelligence is becoming a more concrete part...

Pirelli Cinturato Winter 3 Takes Top Honors in European Tests

As winter approaches, drivers face a familiar question: which tires can provide dependable performance when road conditions start to change?...

Michelin Celebrates 30th Anniversary of Presence in Hungary

Michelin celebrated the 30th anniversary of its presence in Hungary at an anniversary event at its Nyíregyháza facility (231 km...

Geely Leads Interest in Chinese Car Brands Newly Launched in Hungary

Geely attracted the most interest among Chinese car brands entering Hungary this year, according to January-September data from used car...

Older Small Cars Rise in Price as Hungary’s Budget Used-Car Supply Shrinks

Suzuki Swift asking prices rose 25.8% year-on-year in September as the share of used cars below HUF 2.5 mln shrank,...

Hungarian EV Market Continues to Grow, Leading CEE

Electromobility in Hungary continues to grow. In the first half of the year, 7,497 new all-electric passenger cars were registered,...

Budapest Cuts EV Parking Discounts but Keeps Benefits Until 2030

Budapest's City Assembly voted to reduce the parking discount for electric and hydrogen vehicles to 50%, keeping the benefit in...

Wallis Builds Next Growth Phase on Local Knowledge and Leadership

Gyula Mező, CEO of Wallis Asset Management, tells the BBJ how the group is allocating capital, managing an increasingly int'l...

BMW Debrecen Adds Third Shift to Meet Strong iX3 Demand

BMW is introducing a third shift at its Debrecen factory and moving to 24-hour operations to accelerate production of its...

AutoWallis to Launch Zeekr in Austria and Poland

AutoWallis Group will launch Zeekr, the premium electric mobility brand of Geely Auto Group, in Austria and Poland under a...

AutoWallis Remains Profitable in H1 Despite Challenging Auto Market

AutoWallis Group remained profitable in H1 2026 despite a challenging automotive market, weaker performance from traditional brands, one-off costs related...

Navigating the Hungarian Auto Market: What Expats Need to Know

After years of hands-on experience advising expat friends and colleagues on 2nd-hand vehicle purchases, Christopher Csizmár founded CarSherpa, a pre-purchase...

Hungarian Engineers to Contribute Expertise to Formula 1 Cars

Hungarian engineers will contribute their expertise to Formula 1 cars, Economy and Energy Minister István Kapitány said in a social...

Hybrid Listings Hit Record High on Used Car Market in June

Demand strengthened on Hungary’s used car market in June, while the average age of vehicles declined, according to the latest...

Bosch Pushes AI Deeper Into Vehicle Safety and Automated Driving

Bosch used its recent AI Symposium 2026 in Budapest to show how artificial intelligence is becoming a more concrete part...

AutoWallis to Use 2025 Profit to Support its Regional Growth Strategy Going Forward

AutoWallis Group has said it will retain its 2025 after-tax profit of nearly HUF 5 billion to support the implementation...