Automotive

Automotive

BYD to Open 3 Dealerships in Hungary

Chinese EV maker BYD on Thursday said it will add three dealerships to its sales and service network in Hungary,...

Automotive

Hungarian Automotive Fears it Must Brace for Impact

Automotive in Hungary has been struggling for a while now, and with newly introduced European duties on Chinese EV imports...

Automotive

Mercedes-Benz to Shut Down Production for 1 Month

Mercedes-Benz will be shutting down production at its base in Kecskemét for a winter break from December 18 until January...

Automotive

AutoWallis Group Issues EUR 20 mln Bond to Fund Int’l Expansion

AutoWallis Group has raised EUR 20 mln in a private bond placement to support its international expansion and acquisition strategy....

Automotive

AutoWallis Expands Czech Footprint with Historic Acquisition

AutoWallis Group’s latest move for the Czech-based Milan Král Group will, should it be approved, mark the largest acquisition in...

Automotive

Avg Compulsory Vehicle Insurance Premium Close to HUF 58,000

Hungarian car owners paid almost HUF 58,000, on average, for their annual compulsory vehicle insurance premiums in the third quarter,...

Automotive

Construction of BMW Plant in Hungary ‘in Full Swing’

The construction of the BMW plant in Debrecen is "in full swing" and related plans are unchanged, the head of...

Automotive

AutoWallis Expands in Budapest With its 1st Renault & Dacia Dealership in the Capital

AutoWallis Group has made a notable move to expand its influence in Budapest’s automotive market by opening its first dealership...

Automotive

New Hungarian Electric Bus Receives Type Approval and License Plates

The new Hungarian-made Ganz-SOR EBN8 electric midibus has received type approval and license plates, marking a significant milestone for the...

Automotive

Used Car Sales up 12% in October – JoAutok.hu

Used car sales in Hungary rose close to 12% year-on-year to 81,100 in October, listings site JoAutok.hu said on Thursday,...

Automotive

CATL Plant in Hungary Set to Start Production in 2025

A battery plant being built by China’s CATL in Debrecen, eastern Hungary, will begin production in 2025, the company’s general...

Automotive

2nd day of Hungarian Battery Week Highlights Opportunities, Challenges in E-mobility, E-transport Infrastructure 

The second day of Hungarian Battery Week in Budapest shifted its focus to the rapidly evolving sectors of e-mobility and...

Automotive

Driving the Electric Revolution: Empower Your Impact with Investment and R&D Subsidies

Tamás Szűcs, partner and automotive industry Leader at EY Hungary, explores the challenges and opportunities facing Hungary’s automotive sector amid...

Automotive

Hungarian Battery Week Brings Together Experts, Industry Leaders in Budapest

The Hungarian Battery Week got underway in Budapest, drawing together officials, industry leaders, manufacturers and experts from 20 countries, representing...

Automotive

AutoWallis Group Opens 1st Renault and Dacia Dealership in Budapest

The AutoWallis Group has opened its first Renault and Dacia dealership in the Hungarian capital. The showroom and service center...

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...