The massive electric vehicle-related investments that Debrecen has secured over the past year represent a major step in Hungary’s shift toward a more sustainable economic development.

On 21 July, Minister Péter Szijjártó announced a HUF 400 billion expansion investment at Mercedes-Benz’s factory in Kecskemét.

Overall, the German automotive industry employs around 50, 000 people in the country and generates 2.5 per cent of the Hungarian GDP. The production value of the industry rose by 165 per cent between 2010-2019, so the influence and significance of the auto manufacturing industry is on the rise in Hungary.