Hungary to manufacture electric trucks from 2025 – PHOTO GALLERY

The Hungarian Ministry for Innovation and Technology has recently reported to MTI that one of the largest Russian automobile industry companies will launch a new research and development facility this year in Hungary with over sixty highly trained engineers.

The ministry has also highlighted that the facility will employ twice as many professionals in two year’s span, reaching the full capacity of the new research facility. Moreover, from the middle of the decade, the Russian company could also establish a factory in Hungary to increase its productivity as well.

A letter of intent and the details of the cooperation were signed between the Hungarian Ministry for Innovation (ITM) and Technology and the leaders of the KAMAZ automobile company on 24 January.

According to Hellómagyar, the negotiations for establishing bilateral cooperation in the field of electric vehicles started between the Hungarian ITM and KAMAZ last summer.

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This cooperation would be realised in two steps: the first focuses on research and development.

Hellómagyar reports that the Hungarian side of the partnership provides a world-class testing environment, encouraging university and industry partnerships and engineering team building. The Hungarian research and development facility could employ 130 professionals by the year 2024.

The ministry added that following that year, the construction and operation of the production facility could begin in 2025 at the earliest, launching production with 32,000 electric vehicles yearly.

Based on preliminary planning, the production facility could increase its output tenfold by 2030. In order to accomplish this, the two parties may form a joint venture.

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KAMAZ Group is one of the largest automobile companies in Russia, and it is among the top 20 manufacturers of heavy goods vehicles (HGV). The Russian company has over 60 different models of HGVs on offer, but its portfolio also includes buses, motorbikes and trailers.

Lácsló Palkovics, the Hungarian Minister for Innovation and Technology has highlighted about the letter of intent that:

“Automobile manufacturing is an important asset in Hungarian domestic economic growth, industry performance, employment and export. Hence, it is in Hungary’s unequivocal interest to strengthen its capabilities in all areas concerning the sustainable future of the automobile sector currently going through a paradigm shift.”

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Source: hellómagyar.hu