Audi invests US$320 million to increase motor production at Hungarian plant

According to foreign media reports, Hungarian Foreign Minister Peter Szijjarto said on June 21 that the Hungarian branch of German carmaker Audi will invest 120 billion forints (about 320.2 million U.S. dollars) to increase the production capacity of its plant in the western part of the country. motoroutput.

Audi has said the plant is the world's largest engine plant, and earlier said it would significantly increase output at the plant.Szijjarto revealed that Audi will start producing the new engine in 2025, adding 500 jobs to the plant.In addition, the plant will produce various parts for the new MEB ECO motors designedfor the Volkswagen Group's smallelectric vehicles .

Image credit: Audi

In his speech, Szijjarto said that in the past 12 years, Hungary's automobile manufacturing industry has achieved leaps and bounds and has become "the backbone of the Hungarian economy".In 2021, theoutput valueof the automobile industry will reach 9.4 trillion forints, a significant increase from 3.6 trillion in 2010.He said that despite the challenges faced by the global economy, the output value of the country's auto industry reached 3.5 trillion forints in the first four months of this year.The country's auto industry now employs 158,000 people, compared with 86,000 in 2010.

According to Szijjarto, Audi is the most dominant player in the Hungarian automotive industry, employing 13,000 people locally and providing livelihoods to around 25,000 Hungarian households.Last year, Audi produced a record 171,000 vehicles in Hungary, and by starting mass production of electric motors in 2018, Audi helped the Hungarian government achieve a "revolutionary transformation of the automotive industry".