Battery plant CATL investment Mercedes VW China Hungary News

Hungary wins its largest investment ever: €7.3 billion Chinese-funded CATL battery plant will supply Mercedes, BMW, and VW

The largest investment in Hungary’s history to date is being realized in Debrecen, where the Chinese Contemporary Amperex Technology Co. Limited (CATL), the world’s largest battery manufacturer, is establishing its second European plant worth approximately HUF 3 trillion forints (€7.3 billion). “As a result of more than two years of negotiations, the Contemporary Amperex Technology […]