Stellantis to invest €103 mn to support new EV platform

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Stellantis announced it would invest €103 million to increase production capacity of electric drive modules (EDMs) at its Szentgotthard plant, Hungary. The new capacity is expected...

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BYD confirms NEV production base in Hungary to target European markets

BYD is to become the first Chinese car manufacturer to establish a production facility for new energy vehicles (NEVs) in Europe. The automaker has recently signed a preliminary lan...

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EU approves €1.1 billion worth Hungarian scheme for energy storage projects

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The European Commission has approved a €1.1 billion worth Hungarian scheme to support the installation of at least 800 MW/ 1600 MWh of energy storage facilities to foster the ...

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CATL kick starts 100 GWh battery plant construction in Hungary

Chinese battery maker CATL has just signed a land pre-purchase agreement with the Hungarian city of Debrecen, thereby officially confirming the proposed battery manufacturing facil...

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