Category Hungary

European Manufacturers in Hungary: From Autos to Food—The Latest Developments

Hungary has become one of Europe’s hottest manufacturing destinations, attracting major investments from German, French, Swiss, and Nordic companies. From Audi, Mercedes-Benz, and BMW’s billion-euro EV projects to Nestlé’s pet-food expansion and LEGO’s sustainable packaging hub, European manufacturers are turning Hungary into a Central European production powerhouse. This article explores the latest developments, investments, and strategic trends shaping Hungary’s industrial future in 2025.

Latest Developments of South Korean Manufacturing Companies in Hungary

South Korea has emerged as one of Hungary’s most influential industrial partners, driving major investment in EV batteries, tires, automotive components, and electronics. Companies like Samsung SDI and SK On are building Europe’s largest battery ecosystem, while Hankook and Kumho are expanding tire production to meet growing demand. Alongside industrial giants, food manufacturer CJ CheilJedang and others are diversifying Korea’s footprint across Hungary. Supported by government incentives and strategic cooperation, these projects have made Hungary a key European hub for Korean innovation and advanced manufacturing.

Chinese Manufacturers in Hungary and the Latest Developments

Hungary is emerging as a key hub for Chinese manufacturing investment in Europe. Major players such as BYD, CATL, and NIO are building or expanding EV and battery plants, while companies like Lenovo and Wanhua Chemical are strengthening their European bases. With investments ranging from hundreds of millions to several billion euros and projects creating thousands of jobs, Hungary has become a strategic gateway for Chinese firms thanks to government incentives and its strong automotive industrial base.

Accelerating Foreign Manufacturing Investments in Hungary

Since 2025, Hungary has seen a surge of foreign manufacturing investments beyond Asia, led by Germany, the US, Switzerland, the UK, and Denmark. Projects include BMW’s €2 billion EV plant in Debrecen, Mercedes-Benz’s €1 billion Kecskemét expansion, GKN’s new driveshaft factory, Stadler’s rail vehicle hub, LEGO’s large-scale packaging plant, Verbio’s green catalyst facility, GE Vernova’s power equipment upgrades, and Emerson’s expanded R&D centers. Backed by government incentives and EU decarbonization goals, these investments highlight Hungary’s growing role as a European hub for EVs, green technologies, and nearshoring.