The Chinese Wasion Group is setting up R&D and production facilities in Gödöllő.
Wasion Holdings Ltd. is investing around HUF 4 billion (EUR 10.526 million) in the site to produce around 1 million smart meters per year from 2025. This is the Chinese group’s sixth plant worldwide. The state is supporting the investment, that will create 300 jobs, with a subsidy intensity of 10%.