Hungary again top European destination for Chinese FDI
May 30, 2025
Hungary received 31% of all Chinese FDI targeting EU and UK in 2024. Investment in EV manufacturing played a central role, with Hungary alone receiving 62% of all Chinese EV-related FDI, up from 57% the previous year.
Ad
Cybersecurity isn’t optional – it’s a responsibility
May 22, 2025
As cyber incidents surge across Europe, the topic of cybersecurity is taking on a whole new dimension. No longer confined to the realm of IT specialists, it has become a pressing operational challenge for electronics manufacturers, system designers, and decision-makers across the industry.
BYD establishes European HQ and R&D hub in Hungary
May 21, 2025
Chinese electric vehicle giant BYD plans to establish its European headquarters and R&D base in Hungary, marking a major expansion of its footprint on the continent.
Chinese EV maker BYD re-evaluates European strategy in face of resistance
April 28, 2025
Executives speaking anonymously revealed that BYD is rethinking how it approaches the European market in the wake of the continent’s resistance to its technology.
Sensirion opens new production building in Hungary
April 09, 2025
Swiss manufacturer of environmental and flow sensors Sensirion has completed the expansion of its production facility in Debrecen, Hungary.
Zollner expands with new cleanroom in Hungary
April 02, 2025
On March 13, 2025, German EMS provider Zollner inaugurated a new ISO Class VII cleanroom at its facility in Vác, Hungary, further strengthening its partnership with ASML.
European Union launches investigation into Chinese EV subsidies
March 21, 2025
The EU has initiated a probe into unfair Chinese subsidies of a Hungarian EV manufacturing plant.
Samsung SDI plans $1.4 billion rights issue to fund growth
March 17, 2025
The company said it plans to use the funds to invest in its JV with GM in the US, boost capacity at its battery plant in Hungary and build lines for all solid-state batteries in South Korea.
CATL’s blockbuster listing aims to raise $5 billion
February 14, 2025
The Chinese EV battery giant said the funds raised would be used to fund the company’s European expansion, especially in Hungary.
EU concerned about US restrictions on AI chips
January 17, 2025
In a joint statement, EU Executive Vice President Henna Virkkunen and Commissioner Maroš Šefčovič expressed concern over recently adopted US measures that restrict access to exports of advanced AI chips for certain EU member states and their companies.
Stellantis and CATL to build €4.1B battery plant in Spain
December 10, 2024
Stellantis and CATL say that the companies will invest up to EUR 4.1 billion to form a joint venture to build a large-scale European lithium iron phosphate (LFP) battery plant in Zaragoza, Spain.
Chinese carmakers may pause investment in some EU countries
November 01, 2024
Chinese automakers were told by the Ministry of Commerce that they should put the brakes on big investment plans in EU countries that back extra tariffs on Chinese-built EVs, sources told Reuters.
Videoton produces its 5,000th folder inserter machine
October 30, 2024
Videoton Enclosures & Systems (VT ES) has reached a major milestone by producing its 5,000th folder inserter machine for Quadient.
Exclusive: Top 30 EMS providers in CEE unveiled
October 24, 2024
At this year’s Evertiq Expo in Warsaw, the spotlight shone on the top 30 largest EMS providers in Central and Eastern Europe. Unveiled exclusively at the Expo on October 24, the top list highlights key players driving the region's electronics manufacturing industry. So, who are the biggest players in the region?
After EU imposes hefty EV tariffs on China, fears of a trade war
October 07, 2024
The proposed duties of up to 45%, due to be imposed from next month for five years, will cost automakers billions of extra dollars to bring the vehicles into the bloc.
East vs. West – how does Europe’s EMS landscape differ
September 30, 2024
The European EMS landscape reveals significant contrasts between Western and Central/Eastern Europe. To explore these differences, Evertiq spoke with Dieter Weiss, founder of in4ma, who provides insights into European EMS market.
Record of 4 million robots in factories worldwide
September 26, 2024
The new World Robotics report recorded 4,281,585 units operating in factories worldwide – an increase of 10%. Annual installations exceeded half a million units for the third consecutive year.
Exclusive: Europe’s biggest EMS players
September 19, 2024
Top 25 list of EMS companies in Europe only on Evertiq. Respected industry analyst Dieter G. Weiss of in4ma and IPC have prepared a TOP 25 list that includes European EMS firms and global players in Europe.
‘Pagers used in Lebanon blasts made by Budapest-based BAC’
September 19, 2024
Taiwanese pager maker Gold Apollo says it was not involved in the production of these devices and had only licensed out its brand to the Budapest company.
Keep EV tech at home, Beijing instructs Chinese automakers
September 13, 2024
China’s Ministry of Commerce told automakers that they shouldn’t make any auto-related investments in India in a bid to safeguard Chinese EV tech and lower regulatory risks, the Bloomberg report said.
ABB signs MoU with Chinese battery manufacturer
September 12, 2024
ABB has signed a Memorandum of Understanding (MoU) with EVE Energy Co., Ltd. (EVE), a Chinese lithium battery cell manufacturer, to support the development of new lithium battery factories in locations globally.
SVI to liquidate two subsidiaries amid global economic slowdown
August 29, 2024
The Board of Directors of Thailand-based EMS provider, SVI, has approved the liquidation of two of its subsidiaries, SVI Hungary KFT and SVI-GDL, following a strategic review of their operations and future viability.
Eurocircuits adds new direct imager to Hungarian site
August 20, 2024
There are now five direct imagers across Eurocircuits' multiple production sites following the installation of a new Ledia 6 Hyper direct imager at the company’s production site in Hungary.
China’s BYD to build new EV factory in Pakistan
August 19, 2024
BYD will also open three “flagship stores and experience centres” in Karachi, Lahore and Islamabad. It plans to start selling a sedan and two SUV models from the fourth quarter of this year.
BMW to open five new battery factories
August 08, 2024
BMW Group says that the success of its “Neue Klasse” will depend heavily on the production of powerful high-voltage batteries. This is why the German carmaker is significantly expanding its production network for the next generation of high-voltage batteries.
Infineon signs MOU with Chinese battery supplier EVE Energy
July 24, 2024
Under the agreement, Infineon will supply a chipset solution for EVE Energy's next-generation battery management system.
BYD to build $1bn EV megaplant in Turkey
July 17, 2024
The fast-growing Chinese automaker BYD has announced plans to build a vast manufacturing facility in Turkey's Manisa province.
AQ Group acquires electromechanical firm Rockford Components
July 12, 2024
AQ Group, a Swedish-based Nasdaq-listed components supplier, has snapped up its UK-based counterpart Rockford Components for a minimum of $1.7m.
Harman breaks ground on new manufacturing facility in Thailand
June 25, 2024
Harman has broken ground and launched the construction of a new a new manufacturing facility in Thailand. The new facility - located in Laem Chabang, approximately 90-minutes outside of Bangkok - will support manufacturing across the company's portfolio.
TDK opens its new plant in Szombathely, Hungary
June 04, 2024
Japanese electronic component company TDK has officially opened its EUR 70 million factory expansion in Hungary.
Flex invests €90 million and creates 210 new jobs in Hungary
May 30, 2024
EMS provider Flex, who has a history spanning over three decades in Hungary, is investing at its two sites in Zalaegerszeg.
Load more news