Energy storage for electric vehicles hungary

Why is Hungary a good place to buy a battery?

Hungary is ideally located on the European battery map, thanks to its central geographical location, investments in cell and battery production facilities, the presence of large car manufacturers and its extensive supplier industry.

Will Hungary become a 'great power' of battery production?

By the end of the decade, the factory will be churning out 100 gigawatt hours (GWh) of battery capacity each year. This would be enough to equip a million cars (based on current EV capacities) and make Hungary one of the main manufacturers in Europe — in line with the government's plans to become "a great power” of battery production.

Will Hungary switch to electric cars?

By the time the strategy was developed, all European car manufacturers appearing in Hungary had already announced a partial or complete switch to electric vehicles. Half of the approximately 175,000 people working in this automotive industry will be affected in some way.

Will Hungary become a key producer of electric vehicle batteries?

Hungary wants to become a key producer of electric vehicle batteries. Government spending has attracted investments, including a new Chinese gigafactory.

Where are electric vehicle batteries made?

Huayou Cobalt will build its first European factory in Hungary to produce cathode material for electric vehicle batteries. And BYD also plans to build a battery assembly plant in Hungary. Electric vehicle industry players from other countries are also investing in Hungary.

Can Hungary adapt to the electric transition?

Here, on the outskirts of the city of Debrecen, the scale of Hungary's ambitions to adapt to the electric transition is visible. Chinese-owned Contemporary Amperex Technology Co. Limited (CATL) is building its new gigafactory, which will occupy over 200 hectares — over 280 football fields — once finished.