Hungarian Conservative

MFAT State Secretary Levente Magyar stated at a press conference on Monday that Stellantis, which owns fourteen automotive brands, has chosen Hungary as the hub for autonomous driving technology and electrification. ‘We are proud that Hungary…has become one of the leading automotive powers in the world in just under 20 years,’ he said, adding that the country is among the top 20 in terms of automotive production.

The most important feature of the programme announced with a five billion forint budget is that state support will reach innovative startups through incubators. Incubators support early-stage startups in bringing their products based on new technologies to the market and in acquiring the necessary additional financing.