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Another Battery Manufacturer to Appear in Hungary

Jul 27, 2023

The Hungarian EV ecosystem is going to be enriched by yet another battery manufacturer that is ranked top 10 in the world, according to the Hungarian Investment Promotion Agency (HIPA). The announcement by Sunwoda of an initial investment of EUR 245 million marks a new chapter in the history of the Chinese firm to set […]

Another Chinese Firm Joins the Battery Industry in Hungary

Jun 21, 2023

Chinese-owned Huayou Cobalt has announced to set up its very first European plant in Ács, Komárom-Esztergom county, Hungary. As a result of the almost EUR 1.3 billion investment, substantial cathode material production capacities will be created for electric vehicles. The project that will receive Hungarian government support, the amount of which is to be made […]

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