26.5 C
Belgrade
Supported byspot_img
spot_img

Hungary Bolsters Commitment to Battery Technology with Investment in Debrecen Battery Park

Member of Europium Groupspot_img
Supported byspot_img

Hungary has announced to invest 700 billion forints, approximately two billion US dollars or 1.8 billion euros, in the Debrecen Industrial Park. The funds are to be used to prepare the site for announced investments of battery manufacturers. The modernization measures concern the areas of transport, roads, water, and wastewater supply. This spending comes on top of the direct subsidies already given to companies such as BMW and CATL.

Set to become the world’s fourth-largest battery producer

Over the past eight years, Debrecen has attracted 12.5 billion euros, corresponding to 13.7 billion US dollars, in foreign direct investment, mainly from battery manufacturers and their suppliers. Once realized, these investments could make the country the fourth-largest battery producer in the world. The jobs these companies bring to the region are expected to increase Debrecen’s population by 25% to 250,000. Therfore, more investments are already planned.

Supported by

 

Source: Battery News

Supported byElevatePR Digital

Related News

Weardale Lithium proposes advanced extraction plant in County Durham, UK

Weardale Lithium Limited, a natural resources company based in County Durham, UK, has recently filed a planning application with Durham County Council. This application...

EU nations present critical minerals investment strategies at Raw Materials summit

Representatives from leading nations disclosed their plans for critical minerals public funds at this year's Raw Materials Summit in Brussels, aiming to attract investment...

Final legal discussions underway for EU-Serbia lithium trade partnership

Commissioner Maroš Šefčovič revealed that the final legal obstacles are being addressed before the EU-Serbia trade partnership, focused on sourcing lithium from the Jadar...

Unraveling China’s secretive mineral resource strategy: Impact on EU policy

In the midst of the EU's efforts to reduce reliance on China for critical mineral supplies, China's opacity regarding long-term plans for its mineral...
Supported by
Supported by
Supported by
error: Content is protected !!