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* CeeInd - ''The leading Industrial Portal dedicated to the Growth market of Central and Eastern Europe > < Poland's Industrial Automation Surge: Record Robot Installations and EU Investment Drive Growth > < TeraPlast Group Strengthens Presence in Flexible Packaging with 70% Acquisition of Optiplast in Croatia > < Poland's Industrial Automation Surge: Record Robot Installations and EU Investment Drive Growth > < Mondi Enhances Sustainable Packaging Production with New Extrusion Line at Ĺ tÄtĂ Facility > < Nokian Tyres Opens World's First Zero CO2 Emission Tyre Factory in Oradea, Romania > < South Korea's Largest Food Company to Build First Factory in Central Europe, Located in Hungary > < BMW Begins Pre-Series Production of Neue Klasse in Hungary, Paving the Way for Electric Innovation > < Vetropack Completes âŹ60 Million Furnace Upgrade in Croatia, Setting New Industry Standards > < DP World Invests âŹ130 Million to Boost Romaniaâs Port and Logistics Infrastructure > < PalletBiz Romania Unveils State-of-the-Art Production Facility in Prejmer > < Arctic Paper Expands Renewable Energy Portfolio with 4 MW Solar Park Acquisition in Poland > < Y Soft Secures âŹ30 Million EIB Investment to Advance Office Automation Technologies > < Poland: The Emerging Logistics Hub of Central and Eastern Europe (CEE) > < ArcelorMittal Poland Invests PLN 100M in Hydrogen Plant to Boost Krakow Steel Operations > < Shape Robotics Expands Romanian Distribution Network with Strategic Ingram Micro Partnership > < Poland Ranks as Europe's Second Most Active Industrial Market in 2024 > < PepsiCo Launches 3.5-MW Solar Farm in Poland, Powering Sustainability Goals > < Czech Companies Embrace Advanced Technologies to Drive Production Efficiency > < Poland Solidifies Its Status as a Global Poultry Export Leader > < Toyota Unveils Largest Logistics Hub in Europe in Czech Town KolĂn > < CATL's Debrecen Battery Plant Set for 2025 Launch, Driving Europe's Green Transition > < Slovenia to Invest Up to âŹ40 Million in Production of New Renault e-Twingo > < Lockheed Martin to Establish âŹ50 Million Electrolyte Factory in Romania > < Michelin Shifts Jobs from UK to Romania and Poland as Part of European Restructuring > Skanska to Modernize Railway in the Czech Republic > Compal Electronics to Establish Manufacturing Plant in Poland > SCM Announces the Launch of SCM Adria Subsidiary in Slovenia > Japan's Toppan Begins Construction on New Czech Republic Plant > Arburg Expands Footprint in South Eastern Europe with New Romanian Subsidiary > Josera to Hire 100 Employees for New Pet Food Factory in Poland > Ĺ˝ito Completes EUR 9 Million Renovation of Maribor Bakery > Valmet to Deliver New Production Line to Velvet CARE Paper Mill in Poland > Czech Pet Food Group Revamps Nordic-Inspired Dog Food Brand Packaging > Grove All-Terrain Crane Enhances Karmax Fleet in Poland > Maxcess Expands Manufacturing with New Facility in Poland > Onsemi Announces $2 Billion Expansion of Chip Production Facility in Czechia > Sinoboom to Manufacture MEWPs in Poland for European Market > EBRD Commits âŹ25 Million to V4C Poland Plus Fund II > Nearshoring to Poland and Other CEE Countries: A Strategic Move for European Businesses > Koskisen Expands Kore Business in Poland with EUR 3 Million Investment > Onsemi Commits $2 Billion to Expand Czech Republic Semiconductor Facility > Crane ChemPharma & Energy Expands to Arad with New Lease in Industra Park > VW-Backed Gotion and InoBat to Establish EV Battery Plant in Slovakia > Wacker Chemie AG Begins Construction of New Silicone Production Facility in Czech Republic > ... CeeInd - ''The leading Industrial Portal dedicated to the Growth market of Central and Eastern Europe >LG Energy Solution WrocĹaw Marks 5 Years: Powering Poland's Lead in EU Electric Vehicle Battery Market > Outlook on Central Europe's Polymer Industry for 2024: A Review of the 2023 Landscape > Etron Technology Selects CTPark Oradea for New Romanian Production Facility: Expanding European Presence > Central and Eastern Europe: Emerging as a Key Player in the Global Supply Chain Transformation > TRILUX Group and Panattoni Break Ground on First Eco-Friendly Lighting Factory in Central and Eastern Europe > Hyundai Motor Co. Confirms Advancement of New Car Manufacturing Plant in Eastern Czech Republic, CTK Reports >Poland Emerges as Finland's 7th Largest Global Export Partner in 2023 > Prague Set to Transform Historic Strahov Stadium into a âŹ400 Million Tech Hub > Walki Set to Boost Employment and Expand Eco-Friendly Packaging Production in WrocĹaw > Biovoima expands to Poland > Trasmec Group Expands with State-of-the-Art Romanian Production Facility: A Leader in Conveyor Systems Manufacturing > GLP Plans Major Expansion at WrocĹaw Logistics Hub, Strengthening Central Eastern Europe's Supply Chain Infrastructure > Expanding Telecom Frontiers: HFCL Launches New Optical Fiber Cable Plant in Poland to Power Growth in Central Eastern Europe > Shanghai Unison Aluminium Invests âŹ35 Million in New Bulgarian Automotive Plant Near Plovdiv > Rail Cargo Group Expands European Network with New Routes to Germany and Turkey via Romania > NestlĂŠ Purina Enhances Pet Food Manufacturing in Hungary with Significant Investment > Estonia: Billion-Euro Green Methanol Plant in PĂ¤rnu: Power2X's Investment Sparks Poland Emerges as Finland's 7th Largest Global Export Partner in 2023 > Sustainable Energy Revolution > Borealis Expands Recycling Capacity with Acquisition of Bulgarian Specialist Integra Plastics > The Polish Construction Market Sees Notable Growth in Early 2024 > MR DIY Set to Launch Its Entry into the Polish Market with New Logistics Hub in Central Europe > Romania Boosts Recycling Industry with âŹ200 Million in Grants Scheduled for May > Ussuri Capital to Launch Advanced Steel Manufacturing Facility in Romania with a Focus on Low-Carbon Production > Incap Slovakia Enhances Electronics Manufacturing with Advanced Machinery in CEE > Atlantic Stark Announces Factory Expansion in Belgrade: Boosting Confectionery Production and Growth in CEE > Kumho Tire Targets European Expansion with $750 Million Investment for New Plant > Vestas Announces Strategic Expansion with Second Offshore Wind Factory in Poland for 2026 > Mondi Boosts Slitting Capabilities in Slovakia, Strengthening CEE Product Range > Nokian Tyres investment in Romania to help support growth in CEE Market > Maxcess's New Operational Hub in Ĺubowo, Poland Elevates Manufacturing and Sustainability in Central Europe > Thimm Allocates âŹ10m for Enhanced Operational Efficiency and Production in Poland > POSCO International Launches EV Parts Factory in Poland: A Strategic Move for Green Mobility and Investment Surge in CEE > ZF Inaugurates Pioneering Zero-Emission Manufacturing Hub in KlĂĄĹĄterec, Czech Republic > Nexen Tire Gears Up for Major Expansion in Czech Plant, Eyes Production Boost > Expanding Horizons: Samsung SDI Boosts CEE Presence with Third Factory in Hungary for Advanced EV Batteries > Finland's Renta Group Expands into Polish Market with Acquisition of Scaffolding Group > 3 different 2024 Economic Growth Predictions for Poland > Windar Renovables Announces EUR 70 Million Investment in New Polish Factory for Wind Energy Infrastructure > Northvolt Expands in GdaĹsk with New Business Scaling and R&D Centers > Polish Government Awards Aira EUR 15M for Advanced Manufacturing Facility > Drutex Launches EUR 183M Project for Second Manufacturing Plant Expansion > Cemex Launches Revamped Concrete Facility in Czech Republic > LDZ Cargo Advances in Baltic Region with Expansions in Estonia and Lithuania > Poland: InvestEU - 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CeeInd - ''The leading Industrial Portal dedicated to the Growth market of Central and Eastern Europe > < Poland's Industrial Automation Surge: Record Robot Installations and EU Investment Drive Growth > < TeraPlast Group Strengthens Presence in Flexible Packaging with 70% Acquisition of Optiplast in Croatia > < Poland's Industrial Automation Surge: Record Robot Installations and EU Investment Drive Growth > < Mondi Enhances Sustainable Packaging Production with New Extrusion Line at Ĺ tÄtĂ Facility > < Nokian Tyres Opens World's First Zero CO2 Emission Tyre Factory in Oradea, Romania > < South Korea's Largest Food Company to Build First Factory in Central Europe, Located in Hungary > < BMW Begins Pre-Series Production of Neue Klasse in Hungary, Paving the Way for Electric Innovation > < Vetropack Completes âŹ60 Million Furnace Upgrade in Croatia, Setting New Industry Standards > < DP World Invests âŹ130 Million to Boost Romaniaâs Port and Logistics Infrastructure > < PalletBiz Romania Unveils State-of-the-Art Production Facility in Prejmer > < Arctic Paper Expands Renewable Energy Portfolio with 4 MW Solar Park Acquisition in Poland > < Y Soft Secures âŹ30 Million EIB Investment to Advance Office Automation Technologies > < Poland: The Emerging Logistics Hub of Central and Eastern Europe (CEE) > < ArcelorMittal Poland Invests PLN 100M in Hydrogen Plant to Boost Krakow Steel Operations > < Shape Robotics Expands Romanian Distribution Network with Strategic Ingram Micro Partnership > < Poland Ranks as Europe's Second Most Active Industrial Market in 2024 > < PepsiCo Launches 3.5-MW Solar Farm in Poland, Powering Sustainability Goals > < Czech Companies Embrace Advanced Technologies to Drive Production Efficiency > < Poland Solidifies Its Status as a Global Poultry Export Leader > < Toyota Unveils Largest Logistics Hub in Europe in Czech Town KolĂn > < CATL's Debrecen Battery Plant Set for 2025 Launch, Driving Europe's Green Transition > < Slovenia to Invest Up to âŹ40 Million in Production of New Renault e-Twingo > < Lockheed Martin to Establish âŹ50 Million Electrolyte Factory in Romania > < Michelin Shifts Jobs from UK to Romania and Poland as Part of European Restructuring > <

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Asian Investment in Hungarian battery manufacturing

2022-08-17 00:00:00

China's CATL to build €7.2bn 100 GWh battery plant in Hungary

Chinese battery maker CATL has announced plans to invest nearly CNY 50 billion (€7.2 billion) in the construction of a 100 GWh battery plant in Debrecen, Hungary. The new facility will be the largest ever overseas investment by a Chinese company, and is expected to create up to 2,000 jobs once operational. It will produce batteries for electric vehicles, as well as for energy storage applications.

China's leading electric vehicle (EV) battery maker, Contemporary Amperex Technology Co. Ltd. (CATL), is planning to build a new €7.2bn ($8.3bn) battery plant in Hungary. If the project receives shareholder approval, construction is set to begin later this year and should last no more than 64 months.

The planned facility covers an area of 221 hectares in the Southern Industrial Park of Debrecen, and would be Europe's largest battery cell plant. The facility will be CATL's second plant in Europe, after its Thuringia, Germany plant. This latest move underscores CATL's ambitious plans to become the world's largest EV battery producer by 2025. With global demand for EVs growing rapidly, this new Hungarian plant will help meet increasing demand for high-quality batteries and support the growth of clean energy technologies around the world. Thank you for reading! We hope you find this newsworthy and interesting!

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