Audi to build new electric engine plant in Hungary
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Audi is investing 120 billion forints (EUR 301m) to build a new plant turning out electric motors for Volkswagen Group cars in Győr, in north-western Hungary, Péter Szijjártó, the minister of foreign affairs and trade, announced on Tuesday.
The investment, which is supported by a 8.5 billion forint (EUR 21m) government grant, will create 500 jobs, he said, adding that production is slated to start in 2025.
The plant will turn out multiple parts for innovative MEB ECO electric motors designed for smaller Volkswagen Group vehicles, he said.
In his speech at the event, Szijjártó said car manufacturing had developed by leaps and bounds in the past twelve years in Hungary, becoming the “backbone of the Hungarian economy”.
The sector’s production value was 9,400 billion forints in 2021, up from 3,600 billion in 2010, he said. Despite global economic challenges, it reached 3,500 billion forints in the first four months this year, and 158,000 Hungarians are employed in the sector, up from 86,000 in 2010, he added.
