Technical FAQs 3

Are Chinese battery producers planning to increase investment in Hungary?

Photo: Xinhua Chinese battery producers have planned to increase investment in Hungary amid pragmatic cooperation between the two countries, with the latest example being EVE Power, which plans to build a plant in Debrecen, a city in eastern Hungary.

Does Eve Power make batteries in Hungary?

EVE Power is not the first Chinese battery maker to choose Hungary as a production base in Europe. In 2022, CATL, which makes one-third of the world's electric vehicle (EV) batteries, invested 7.34 billion euros ($7.6 billion) to build a battery plant for carmakers in Hungary.

Is Hungary a leader in EV production in Europe?

Hungary has emerged as a frontrunner of Europe's EV industry. By 2030, Debrecen, a small city with population of 200,000, will be second only to Germany in battery production in Europe, according to media reports.

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