Original title: Sino European automobile industry chain in Hungary for win-win cooperation

As more and more Chinese new energy vehicle enterprises expand their markets in Europe, the upstream enterprises of the automotive industry chain from China and Europe also join hands in the layout. Hungary, an eastern European country, is one of the hot investment destinations. Chinese and European enterprises not only achieve win-win cooperation here, but also promote the development of local industries.

"We set up our factory in Hungary to serve automobile manufacturers and customers in the whole European market based on this and our office in Germany," Zhang Taixin, engineering director of Zhejiang Huashuo Technology Co., Ltd. Hungary Branch, told reporters.

Huashuo Technology is an enterprise engaged in research, development and production of new energy automobile parts. At present, it has built factories in Hungary and Mexico. Its factory in Debrecen, Hungary, was put into mass production last year, mainly producing motor inner and outer shells and gearboxes for pure electric vehicles. The reporter saw that in the workshop covering an area of about 10000 square meters, local skilled workers operated several precision machine tools and equipment at the same time.

Zhang Taixin said that Hungary has created favorable conditions for attracting Chinese investment, and Chinese automobile industry chain enterprises' investment in Hungary has further improved the local supply chain and promoted the development of local new energy automobile industry.

Nanjing Quanfeng Auto Precision Technology Co., Ltd. will invest 120 million euros in 2020 to build a factory in Miskolz, Hungary. The factory, which covers an area of more than 30000 square meters, has five full process production lines. It achieved mass production in the fourth quarter of last year, producing the inner shells of high and low voltage motors, motor end covers, inverter covers and shells. Shi Jiaqi, the vice general manager of Quanfeng Auto Europe, said that the European new energy vehicle market has developed rapidly. The establishment of a factory in Hungary has shortened the delivery cycle and greatly improved the supply capacity to European customers.

Auto parts are complex, precise and in great demand, which cannot be separated from high-precision machine tools. In order to better meet the needs of Chinese partners, European enterprises that have been deeply involved in the Chinese market for many years also cooperate with Chinese auto parts manufacturers to layout Hungary.

Germany Aswell Machine Tool Co., Ltd. mainly supplies multi spindle machine tools and automated production lines, and its customers include leading automotive suppliers such as Tesla and BYD, such as Huashuo Technology and Quanfeng Automobile. "According to the needs of Chinese customers operating in Europe, ASV has set up a spare parts warehouse in Hungary and is constantly improving its service," said Stefan Weber, the managing director of ASV's production and technology.

"About 40% of Esway's global income comes from China and has the potential for further growth. If Chinese enterprises succeed in their projects, we will also succeed. This is a win-win situation and a new round of 'China opportunities'." Weber said.

At the end of last year, Zhejiang Shuanghuan Transmission Machinery Co., Ltd., a customer of German Emak Group, opened a factory in Asfenisporu, Hungary, and is expected to achieve standardized production in 2025. Wang Binlian, the Hungarian project director of the company, said: "The establishment of factories overseas requires equipment and technical support. The cooperation and layout between Emak and us will shorten the supply time of machine tools and equipment, and at the same time, cooperate with the upgrading of equipment process adaptability to help us better achieve the goal of product cost and quality control."

"From the initial production and sales in Germany to China, to the establishment of factories in China to supply the Chinese and overseas markets, and now to follow China's global vision, Emark is actively assisting more Chinese auto parts manufacturers to enter the international market, and promoting the competitiveness and internationalization level of China's new energy automobile industry." Marcus Clement, global CEO of Emak, said, "China is becoming a major player in the global automobile manufacturing industry, and our business is expanding accordingly. This is win-win cooperation".

(Reporter Zhou Yue, Wu Baoshu, Debrecen, Hungary reported that the reporters involved: Shan Weiyi, Chen Hao, Zhang Fan)