Czech Republic, Hungary, Slovakia
The CEE region is one that has a lot of potential for UK suppliers, and following on from the successful trade mission to Poland in 2019, and the CEE Virtual Roundtable in June 2020, SMMT has partnered with Santander and Department for International Trade again to provide a platform for British companies to take advantage of the opportunities available in the region.
Automotive is the largest industry in the Czech Republic accounting for more than 9% of its GDP, with 1.44 million passenger cars produced in 2018 and 55 of the global top 100 tier 1 suppliers having at least one production facility in the country. 33% of all investments are in R&D, and the focus in the automotive industry is increasingly on e-mobility.
There are approximately 700 automotive companies in Hungary, and around 500,000 passenger cars are produced, with 30% of the industrial output tied to the sector. E-mobility is a key focus, particularly on battery production capabilities.
Automotive has a 44% share of the country’s total industrial production and 40% of the total industrial exports. Slovakia is in the top 20 biggest car producers in the world with more than 1 million passenger cars produced per year. R&D centres and innovation networks are developed and steadily growing.
Contact email@example.com to register your interest and kept up to date on the plans this autumn.