INZI Controls' decision further strengthens battery production in Hungary - VIDEO REPORT

INZI Controls' decision further strengthens battery production in Hungary - VIDEO REPORT

INZI Controls' decision further strengthens battery production in Hungary

INZI Control chose Komárom for its first production plant in Europe. The South-Korean company is investing more than EUR 45 million in the building of its production unit for battery modules, which further strengthens Hungary's position in the manufacturing of next generation electric vehicles (EV).

As a member of INZI Group, INZI Controls produces a wide range of automobile spare parts, covering various components for engines, cooling systems, fuel delivery, sensors, chassis parts (e.g. braking components, solenoid valves and air-cleaner assemblies), antennas and monitor components. Currently INZI Controls has production capacity in South Korea, China, India, Malaysia and the United States.

Now the company has decided to build its newest unit in Komárom, Hungary, which is also the first to be built in Europe. The plant will produce battery modules for its European customers. The project will not only strengthen the South Korea-based company's position in the market, but our country will also welcome another significant active manufacturer, among its partners, in electro-mobility–from the Far East. The fact that three of the top five Asian battery manufacturers have chosen Hungary on the continent even directs the attention of other industrial stakeholders to our country's potentials, leading to additional investments.

The rising influence of the battery industry is clearly substantiated by figures. In 2018 production in the electronics sector showed a two-digit growth, which may be sustained for a long time with consolidated production on the newcomer's side.