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by joe_mamba
143 days ago
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>Is Hungary a paragon of growth and strategic planning? Kinda, yeah. Foreign investors love doing business with dictators due to guaranteed stability versus the political pendulum swinging every 4 years. HEnce why more manufacturing is opening in Hungary. BMW: Opened a new, fully electric vehicle plant in Debrecen in September 2025, with series production of the BMW iX3 starting in late October 2025.
Mercedes-Benz: Announced expansion of its Kecskemét plant to start producing the A-Class model in 2026, further solidifying its presence in Hungary where it already manufactures other models.
BYD: The Chinese EV maker is building its first European production facility in Szeged, with operations set to begin by the end of 2025 or early 2026. The €4 billion plant will initially produce tens of thousands of vehicles annually, focusing on EVs for the European market.
CATL: The world's largest battery manufacturer is constructing a massive plant in Debrecen, expected to start production in early 2026. This supports Hungary's EV ecosystem, supplying batteries to automakers like BMW.
Flex (Flextronics): Inaugurated a new high-tech "NextGen" plant in Zalaegerszeg in November 2025, worth 35 billion HUF (about €90 million). It focuses on electronics and components for the automotive industry, creating 210 jobs in research and production.
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https://gki.hu/language/en/2024/06/18/hungarys-20-years-in-t...
I guess it’s attractive for its low wages? But not because of something Orbán pulled off.