Hungary’s Multinationals to open Factories in 2025
BMW Opens Training Center in Debrecen, Hungary: A Hub for Transformative Industries
As Hungary and the European Union grapple with economic challenges, multinational corporations are increasingly looking towards Hungary as a strategic base for expansion. The country’s open economy and focus on attracting foreign direct investment (FDI) have positioned it as a key player in the global manufacturing and services landscape.
With FDI growth stagnating since the 2010s due to economic turbulence and geopolitical tensions, Hungary’s government has effectively utilized investment incentives to attract large-scale projects. Emerging industries like electromobility and semiconductor production are at the forefront of Hungary’s investment priorities.
By 2025, several major projects are set to launch in Hungary, with significant impacts expected on the country’s economy and workforce. Chinese electric vehicle giant BYD will open its first European factory in Szeged, capable of producing 300,000 vehicles annually. BMW is investing over EUR 2 billion in its Debrecen facility, focusing exclusively on electric vehicles. Chinese battery manufacturers CATL and Sunwoda are also establishing plants in Debrecen and Nyíregyháza, respectively.
While automotive projects dominate, Hungary is diversifying its investment portfolio into other sectors to increase economic resilience against global disruptions. The government’s connectivity strategy aims to balance regional economic integration while fostering sustainable and crisis-resistant investments.
Hungary’s proactive approach to attracting FDI has positioned it as a hub for transformative industries, particularly in electromobility and battery production. With these projects set to come online in 2025, Hungary’s economic landscape is poised for a transformation that reinforces its role as a key player in Europe’s industrial future.
