• Investment to boost annual capacity to 350,000 cars
• Kecskemet will host largest Mercedes-Benz factory in Europe
• Hungarian employment costs still far below Western Europe’s
• Mercedes-Benz faces tough competition in technology and cost

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Mercedes-Benz has invested 1 billion euros ($1.14 ‌billion) to double output at its Hungarian plant in Kecskemet, the German carmaker said on Monday, responding to what it called increasingly tough global competition in technology and cost.

The Hungarian factory, which will manufacture the new electric C-class, will be Mercedes-Benz’s largest ​plant in Europe and its second-largest globally following the expansion, giving it flexibility to respond to ​volatile market conditions.

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Mercedes-Benz board member for production Michael Schiebe said the carmaker would also bring manufacturing of two additional models, the electric GLC and the small G-class, ⁠to ​the Kecskemet site.

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