Quick Takeaways
- Zhejiang Shuanghuan Driveline expands its European footprint with a new electric vehicle parts plant in Hungary.
- The facility strengthens EV supply chains for major global automakers while supporting sustainable production.
On February 5, Zhejiang Shuanghuan Driveline confirmed the start of operations at its newly established electric vehicle parts plant in Jászfényszaru, Hungary. The announcement was shared by the Hungarian Investment Promotion Agency, marking a significant milestone in the company’s European manufacturing expansion.
The facility is operated through the company’s Hungarian subsidiary, Evoring, and focuses on producing key electric vehicle components. Core output from the plant includes precision-engineered gears and shafts designed to support next-generation electric drivetrains across multiple vehicle platforms.
By localizing electric vehicle components manufacturing closer to European OEMs, the company aims to improve supply chain efficiency while meeting rising regional demand for high-quality EV drivetrain parts.
The production setup is designed for scalability, enabling the facility to adapt to evolving EV technology requirements and increased order volumes from global automotive customers.
Once fully developed, the investment is projected to generate approximately 450 new jobs, contributing to Hungary’s growing role as a key hub for electric vehicle parts manufacturing in Europe and reinforcing long-term industrial growth in the region.
The facility is operated through the company’s Hungarian subsidiary, Evoring, and focuses on producing key electric vehicle components. Core output from the plant includes precision-engineered gears and shafts designed to support next-generation electric drivetrains across multiple vehicle platforms.
Zhejiang Shuanghuan Driveline strengthens EV supply network
Zhejiang Shuanghuan Driveline has positioned the Hungarian plant as a strategic supplier for leading automotive manufacturers in Europe.- The site’s largest customer is Tesla’s manufacturing operation in Germany, with additional partnerships established with Volvo and Scania.
By localizing electric vehicle components manufacturing closer to European OEMs, the company aims to improve supply chain efficiency while meeting rising regional demand for high-quality EV drivetrain parts.
Focus on sustainable and scalable manufacturing
The greenfield investment represents a total outlay of EUR 104.4 million and includes a 24,000 square-metre production facility.- The site integrates solar panels and a heat-pump system, reinforcing its alignment with sustainability goals in electric vehicle manufacturing.
The production setup is designed for scalability, enabling the facility to adapt to evolving EV technology requirements and increased order volumes from global automotive customers.
Expansion plans and employment impact
Future phases of the project will see the addition of two new production halls at the Jászfényszaru site. These expansions are expected to significantly enhance manufacturing capacity for electric vehicle gears and shafts.Once fully developed, the investment is projected to generate approximately 450 new jobs, contributing to Hungary’s growing role as a key hub for electric vehicle parts manufacturing in Europe and reinforcing long-term industrial growth in the region.
Company Press Release
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