TechNode

AUGUST 31, 2023

On August 30, Chinese battery maker CATL denied reports of the European Commission investigating its battery factory in Hungary. The companys Hungarian project has passed the environmental impact assessment by the Hungarian government and is currently progressing smoothly, CATL said. billion euros.

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TechNode

FEBRUARY 12, 2025

Shenzhen-listed battery giant CATL has applied to list in Hong Kong and plans to use the proceeds to fund the construction of a new 100 gigawatt-hours (GWh) battery pack factory in Hungary, in what could be the largest fundraising exercise in the city since early 2021. The company could raise more than $5 billion, Bloomberg had reported.

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TechNode

NOVEMBER 24, 2024

This makes Chery the first Chinese automaker to produce passenger cars in Europe, Xinhua News Agency reported Monday. Chinas largest EV maker, BYD, announced last December plans to build its first regional plant in Hungary, in addition to a factory in the country that assembles electric buses. Xinhua , Reuters ]

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TechNode

MAY 31, 2024

31, when the closure will take effect, Automotive News Europe reported on Wednesday. The European Commission is supposed to inform Chinese exporters of whether it intends to impose punitive tariffs by early June and they could come into effect within a month or so, Bloomberg reported on May 22, citing consulting firm Eurasia Group.

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TechNode

JULY 8, 2024

Scheduled for operation by 2026, with roughly 5,000 new jobs created, the plant will be capable of making 150,000 vehicles a year, the government said on Monday, reported the Financial Times. The company is also establishing a Ft 10 billion ($30 million) battery pack plant near Budapest in Hungary that will begin production next year.

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TechNode

AUGUST 18, 2024

Chinas biggest EV maker has been operating and managing plants in Thailand and Uzbekistan for a few months now with an annual production capacity of 150,000 and 50,000 units, respectively, while pushing for construction of new plants in Hungary, Turkey, Brazil, and Indonesia. TechNode reporting, Reuters ]

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TechNode

OCTOBER 10, 2024

The automaker responded to a Reuters report saying the project, which would create about 3,000 jobs and require an investment of almost 2.5 It also expects to complete the construction of a site in Hungary capable of making 100 gigawatt-hours (GWh) of batteries within two years, a project that began in late 2022. Reuters ]

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