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

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,...

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 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...

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 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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...