Info
Info

Bumchun Precision to manufacture Aluminium Battery Terminals in Hungary

News

Bumchun Precision will be constructing its first plant outside South Korea in Hungary with an investment of HUF13.3 billion (€40.8 million or $45.2 million).

Info

The Government is providing HUF2.65 billion (€8.13 million or $9 million) in funding towards the investment in view of the fact that the plant will be creating 200 new jobs as a Tier 1 automotive supplier.

Péter Szijjártó, Minister of Foreign Affairs and Trade said, “The facility, which will be built in Salgótarján, will manufacture aluminium battery terminals for electric vehicles”, he added. According to the Minister, the value of the investment is also increased by the fact that during the upcoming decades automotive industry development is expected to be determined by the development of electric drive systems.

Ri KI Jeon, President of Bumchun Precision Co. Ltd., declared that the company's culture is based on continuous development, and the reason it is coming to Hungary is also to manufacture state-of-the-art parts. The company President justified the choice of location with the fact that the local workforce is well-trained, the city's industrial infrastructure is highly developed, and the geographical location provides favourable logistics conditions.

Bumchun Precision's subsidiary in Salgótarján was registered last year. The South Korean company was founded in 1982, and in addition to producing and developing parts for electronic equipment and mobile phones, a few years ago it also became involved in the manufacturing of batteries for EVs.


The Latest News, Brought To You By
Bumchun Precision to manufacture Aluminium Battery Terminals in Hungary
Modified on Monday 29th July 2019
Find all articles related to:
Bumchun Precision to manufacture Aluminium Battery Terminals in Hungary
TaaS Technology Magazine
Info
Faction Raises $4.3M To Develop Light EV Driverless Fleets
Daimler Truck AG And Volvo Group Fully Committed To Hydrogen-based Fuel-cells – Launch Of New Joint Venture Cellcentric
Nano One And Johnson Matthey Enter Into A Joint Development Agreement For Lithium-ion Battery Materials
FEV Successful In Designing Low Emission, Efficient Hydrogen Internal Combustion Engine
AAM And REE Automotive To Jointly Develop New Electric Propulsion System
Uber, Mobilize, RATP And Blablacar Join Forces For Sustainable Mobility By Launching The “Mobilité360” Project
Ford Boosts Investment In Solid Power
Faraday Future Selects Velodyne As Exclusive Lidar Supplier For Flagship FF 91
Toshiba Expands Scope Of Its Solid-State LiDAR Solution To Address Transportation Infrastructure Monitoring
Nikola And Total Transportation Services Inc. Sign LOI For 100 Nikola Trucks
Construction Begins On First-of-its-kind Electric Vehicle Battery Technology Centre And Pilot Line
Renault Group And Plug Power Inc. Launch HYVIA
GHD Survey Reveals Half Of British Consumers Are Considering An Electric Vehicle In Next Five Years
Dr. Matthias Jurytko Takes Over The Management Of The Fuel Cell Joint Venture Cellcentric
Former Google Head Of Energy Strategy Neha Palmer Joins TeraWatt Infrastructure
PCB Depaneling: Laser Technology Improves Quality And Efficiency For Automotive Applications
Fisker Launches Resource For Environmental, Social, And Governance Policy, Practices And Reporting And
Iteris Awarded $3.3 Million Contract By City Of Modesto For Smart Mobility Initiative
SEAT Introduces Autonomous Mobile Robots In Its Barcelona Factory
Pininfarina And MT Distribution Join Forces To Create A New Range Of Vehicles For Urban Electric Micro-mobility
European Launch: NIO To Sell Smart Premium EVs In Norway
HELLA Brings Latest Passenger Car 77GHz Radar Technology Into Series Production
Gilbarco Veeder-Root Expands E-mobility Platform With Launch Of EVerse
EasyMile Raises €55 Million In Series B Round
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event