China’s CATL to build battery plant in Hungary

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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 Solardaily.com. Read the original article here.

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