China’s CATL to build battery plant in Hungary


Budapest (AFP) Aug 12, 2022
China’s Contemporary Amperex Technology, the world’s biggest maker of batteries for electrical vehicles, said Friday it plans to build a huge new factory in Hungary, its second in Europe. German auto maker Mercedes-Benz said it would be the plant’s “first and biggest customer”. CATL said in a statement that it will invest 7.34 billion euros ($7.5 billion) in the 100-GWh (gigawatt hours) This article was originally published by Read the original article here.

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