What is being built?
Market-leading Chinese automotive company to build new plant in Hatvan
Almost nine hundred new jobs will be created by the HUF 50 billion investment of Chinese automotive company Xinzhi in Hatvan, further strengthening Hungary's position in the global market of electric vehicle transition
- was announced on Monday.
The Hatvan factory enters the electric motor supply chain
Xinzhi, a market leader in the production of one of the most important basic units for electric motors, has decided to build its next plant in Hungary, said Minister of Foreign Affairs and Trade Péter Szijjártó.
The HUF 50 billion investment will create almost 900 new jobs in Hatvan. In addition to manufacturing, the Chinese company will also engage in significant research and development activities in Hungary, and will hire thirty highly qualified engineers.
Source: Link
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It’s being built at full speed and could be the saviour of our domestic energy security – what is it?
