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\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 According to foreign media reports, Hungarian Prime Minister VIKTOR ORban said on December 6 that many German car manufacturers have agreed to close its factory in Hungary.<\/p>\n

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\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Recently, a number of European automobile companies have announced that they will close their factories and lay off a significant layoff because they are facing a series of issues such as weak demand, high costs, competition from China, and transition to electric vehicles lower than expected.<\/p>\n

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\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Ourban said in an interview that Hungary needs to create a competitive economic environment, so that there will be no factory failure in China.<\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Olban said: “We signed an agreement with these companies … not only will they not close the factories, but also develop these factories. They think that Germany has encountered trouble, but Hungary’s economic environment is more beneficial to them. They Here you can better retain your job.<\/p>\n

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\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Hungary’s economy is seriously dependent on its automotive industry, and its investment in the country is mainly from Germany, China and South Korea.<\/p>\n

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\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 BMW’s factory in Deb caren is expected to open next year and start production of electric vehicles. Mercedes -Benz is transforming its factory in KECSKEMET to produce electric vehicles, and Volkswagen’s Audi is also producing cars and motors in Gyor.<\/p>\n

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\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Olban is busy re -reviving the Hungarian economy before the 2026 election. He said earlier that the new factories in BMW, BYD and battery manufacturer Ningde Times will be put into production in the second half of next year, and these new factories will help increase Hungarian GDP.<\/p>\n<\/article>","protected":false},"excerpt":{"rendered":"

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 According to foreign media reports, Hungarian Prime Minister VIKTOR ORban said on December 6 that many German car manufacturers have agreed to close its factory in Hungary. \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Recently, a number of European automobile companies have announced that they will close their factories and […]<\/p>\n","protected":false},"author":1,"featured_media":4644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newslist-136510-1"],"acf":[],"yoast_head":"\n