VT Mechatronics doubles its assembly capacity
April 18, 2024
VT Mechatronics, a company in the Videoton Group, has recently completed an expansion of its factory in Győr, Hungary.
Plan Optik expands production in Hungary
February 20, 2024
The Plan Optik Group continues to expand its production capacities and has now rented a new production hall in Hungary.
Stellantis to make electric drive modules in Hungary
February 19, 2024
Car giant Stellantis is set to increase its production capacity of electric drive modules (EDMs) by bringing production to its Szentgotthard, Hungary plant from 2026.
China projected to export 1.2 Million NEVs in 2023
January 02, 2024
TrendForce reports that the global sales volume of NEVs (including BEVs, PHEVs, and FCVs) is estimated to reach approximately 12.8 million units in 2023. Regional market sales shares are expected to be 60% in China, 22% in Western Europe, 11% in the United States, and 6% in other regions, with China’s market demand distinctly in the lead.
Wasion expands to Hungary, deepening its presence in Europe
November 21, 2023
Wasion, a Chinese supplier of smart measuring, smart power distribution & utilisation and energy-saving management solutions, is investing EUR 10.5 million to set up a new production site in Hungary.
HARMAN opens new manufacturing plant in Hungary
November 03, 2023
The new facility in Pécs will boost production of HARMAN's Martin lighting product range.
Hyundai & Samsung SDI ink supply deal for EV batteries
October 24, 2023
Samsung SDI has clinched a supply deal for electric vehicle batteries with Hyundai Motor Company for the first time.
Nokia 5G smartphones now manufactured in Europe
October 04, 2023
Smartphone manufacturer HMD Global has reached a major milestone. The company has started manufacturing 5G Nokia smartphones in Europe.
Austrian EMS provider expands in Hungary
October 03, 2023
Austrian EMS provider Melecs has inaugurated a new production hall at its site in Győr, Hungary. With an investment of EUR 12 million the company is creating 120 new jobs in the region.
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Qvantum acquires manufacturing facility from Electrolux
September 18, 2023
Fast-growing heat pump systems and technology company Qvantum has made its third strategic acquisition. The company has acquired a refrigerator manufacturing facility in Nyíregyháza, Hungary from Electrolux Group.
Electrolux Group divests factory in Hungary
September 18, 2023
Electrolux Group has divested its manufacturing facility in Nyíregyháza, Hungary to Swedish heat pump manufacturer Qvantum for a cash consideration of EUR 38 million (approximately SEK 455 million).
Bosch to increase its presence in Hungary with new investments
September 12, 2023
Robert Bosch Energy and Body Systems Kft., will implement two investments worth a total of EUR 48 million at its site in Miskolc, in northern Hungaryby mid-2025.
Samsung SDI to boost its Eropean R&D
September 11, 2023
The battery maker Samsung SDI is expanding its Hungarian R&D activities in Göd with an expenditure of around EUR 61.9 million.
GKN makes large investment in Hungary
September 11, 2023
The British company is investing 142.7 million to expand production in Felsőzsolca in northern Hungary. The automotive supplier is looking to serve Tier-1 companies with the newly created capacity.
LG Magna expands with new facility in Hungary
September 04, 2023
LG Magna e-Powertrain, the JV between LG and Magna, is expanding its footprint with a new facility in Miskolc, Hungary.
Yet another battery manufacturer chooses Hungary
August 14, 2023
The Hungarian EV ecosystem continues to grow, this time Sunwoda will make an initial investment of EUR 245 million as the Chinese firm looks to set up shop in Nyíregyháza.
Bosch launches €65m semiconductor test centre in Malaysia
August 02, 2023
German industrial giant Bosch has opened a major new facility in Penang Malaysia as part of a EUR 285 million investment in chips and sensor manufacturing over the coming years.
Sunwoda to build $274.71m battery plant in Hungary
July 28, 2023
Shenzhen-based battery specialist Sunwoda prepares to expand into the European market with a major new facility.
Rand Technology opens new operations centre in the Netherlands
July 14, 2023
Semiconductor distributor Rand Technology has launched its seventh worldwide facility, and this one is in Amsterdam.
Foxconn to build a new plant in Quang Ninh province, Vietnam
July 14, 2023
Vietnam is doing a very good job of selling itself as a location for manufacturing electronics. Now, Foxconn has confirmed it will open a facility there.
Li-Cycle and EVE Energy agree to collaborate on lithium-ion battery recycling
July 13, 2023
Two of the world’s largest lithium-ion battery cell manufacturers have signed a memorandum of understanding on recycling solutions for EVE battery materials.
Eaton continues its European eMobility expansion
May 11, 2023
Power management company Eaton continues to expand its European eMobility business. The company is upgrading its design capabilities, technologies and operations to support global electrified vehicle manufacturers.
Ersa installs Versaflow 3/45 at Flex in Hungary
April 21, 2023
Ersa GmbH recently installed the 2,000th selective soldering machine of its Versaflow 3/45 in Hungary. The receiver of the anniversary machine was EMS provider Flex in Hungary.
Schneider Electric breaks ground on its fifth plant in Hungary
March 21, 2023
Schneider Electric has broken ground on its latest EUR 40 million investment in Dunavecse, Hungary.
Balluff expands with new production site in Mexico
February 17, 2023
A new large-scale production site in Aguascalientes, Mexico is set to strengthen the company's global production network and shorten supply chains in North and Central America.
Gémosz expands technologically and physically
February 03, 2023
Over the last few years, the Hungarian EMS provider has recorded business growth of above 25% on average.
Rheinmetall starts construction on a factory in Hungary
January 18, 2023
The foundation stone has been laid for the new Rheinmetall plant in Várpalota, Hungary, where ammunition for various systems will be produced by the joint venture Rheinmetall Hungary Munitions in cooperation with the Hungarian state.
Eurocircuits' Hungarian assembly unit gets new home
January 04, 2023
Eurocircuits has moved into numerous new buildings in Eger, Hungary, in recent years. In 2016, the company built a new building for assembly, and in 2021 a completely new company building was put into operation. In 2022, it was time once again to build a new building for the company's expanding assembly operations – three times bigger than the previous building from 2016.
Five acquisitions in one year – ICAPE is on the move
December 08, 2022
French PCB supplier ICAPE has been expanding throughout 2022. So much so that the company is no longer “just” a supplier, but also a manufacturer – in Europe – following its latest acquisition.
ICAPE acquires Swedish PCB manufacturer MMAB Group
December 06, 2022
French PCB supplier ICAPE Group is acquiring 100% of the shares in MMAB Group, one of only two Swedish PCB manufacturers left in the country.
More money for new Hungarian BMW facility
November 28, 2022
BMW is significantly increasing its investments in its new plant in Debrecen in eastern Hungary. According to BMW, a good two billion euros will be spent on the plant over the next 2 years.
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