Korea Inzi Controls: EV battery produced in Hungary: 2020 production commenced

Korea Inzi Controls: EV battery produced in Hungary: 2020 production commenced

Budapest

July 12, 2019

Inzi Controls: Korean auto parts manufacturer

On July 1st, we announced plans for the construction of an EV battery module production facility at Danube riverbank Komarom in the northwestern part of Hungary.

The investment scale is 14.8 billion forint (approx. 5,476 million yen, 1 forint = approx. 0.37 yen), creating 122 new jobs.

The Hungarian government provides the company with a subsidy of 1.36 billion forints.

EU customers:

Audi,

Volkswagen (VW),

Continental etc

The company’s Hungarian subsidiary, which was established in November 2018, is expected to start production in 2020.

Inzi Controls:

Produces automobile parts such as engines, cooling systems, fuel supply parts and sensors.

Currently, we have production bases in Korea, China, India, Malaysia, and the United States.

This is the first establishment of a production base in Europe.

-JETRO

https://www.jetro.go.jp/biznews/2019/07/a176eaad17b958e0.html