The production value of the automotive industry increased by 31 percent in the first half of this year, exceeding HUF 5.1 trillion. This means it may exceed HUF 10 trillion for the first time this year.
According to Minister of Foreign Affairs and Trade Péter Szijjártó, Hungary’s international competitiveness is well illustrated by the fact that 90.5 percent of automotive products manufactured here are exported, making Hungary the third largest exporter of gasoline engines, the fifth largest in exports of electric batteries, and the sixth largest diesel engine exporter in the world.
Audi contributes a great deal to the amazing international competitiveness of the Hungarian automotive industry, the minister pointed out.
He also announced that Audi plans to carry out further expansions in Győr in the future, focusing on electromobility and digitalization, which are also key to the Hungarian economy. This should bring similar investments to the country, Szijjártó added
He noted that the record performance of the automotive industry will significantly contribute to the growth of Hungary’s gross domestic product (GDP), and if GDP growth reaches 5.5 percent, the state will then reimburse PIT paid in 2021 to families raising children.
After COVID-19, Hungary is among the countries recovering faster due to the government’s successful strategy of supporting investments and preventing mass unemployment, the FM said.
Audi Hungária expanded its technical development department in 2001 and added engine development and vehicle development in Győr in 2012. Today, the city is the third largest development center in the world for Audi AG. More than 500 highly qualified experts work in technical development, and the company will spend several billion forints in the next two years on facilities here.