At 9:45 am Hungary time on November 18, 2021, Chervon Auto held its groundbreaking ceremony for its manufacturing facility in the Mechatronics Park in Miskolc. H.E. Minister Péter Szijjártó, the relevant government officials of Hungarian Investment and Promotion Agency and Hungarian Parliament, Mayor of Miskolc Mr. Pal Veres; Project Manager of Chervon Auto Europe project Mr. Simon Waechter; General Manager of Chervon Auto Europe Kft. Mr. Gaal Gyula and representatives of partners related to the Europe project of Chervon Auto attended the ceremony.

This project is the most important greenfield investment project of Miskolc in recent years. Through excellent die casting and related processes, combined with the production capacity layout of the project, we will focus on products in Central Europe to match the electricifaction development trend in the automotive industry. The project covers nearly 28,000 square meter and started construction from September of 2021.

Seizing “the Belt and Road Initiatives”，Chervon-auto will optimize the company's production capacity and strategic layout through this investment, further improve the company's market share in new energy vehicle products, and enhance the overall competitiveness of the company.