EcoPro BM’s Debrecen Plant Construction on Schedule

The ground-breaking ceremony of EcoPro BM’s cathode material plant in Debrecen indicates that the EUR 728 million project of the South Korean company is going to plan, according to the Hungarian Investment Promotion Agency (HIPA).

The investment will allow the manufacturing of 108,000 tons cathode material for lithium-ion batteries on a yearly basis, and 631 jobs will be created.

Announced in December 2021, EcoPro BM’s investment is the largest one after BMW’s iFactory, which is now under construction, and CATL’s future gigafactory in Debrecen, and due to its scale, it is expected to significantly contribute to the development of the local EV ecosystem, HIPA says.

The Korean company pioneered the production of nickel-based cathode in its homeland and aims to propel Korea to become a global battery super power. Its first European plant in Hungary serves this purpose as well. The Debrecen plant broke ground after all necessary permits had been granted and related preparatory works had started.