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Chinese electric vehicle battery maker CATL is seeking a location for a new battery recycling facility in Europe and has been in discussion with local governments including Hungary for the matter, regional operations chief Jason Chen told Bloomberg in an interview in Budapest.
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. CATL has been making lithium-ion batteries at its first European plant in the German state of Thuringia since late 2021. Reuters ]
The company aims to complete construction of a site in Hungary capable of producing 100 GWh of batteries within two years, and its first regional plant began operations in the German state of Thuringia in early 2023. The first phase of the 4.1 billion ($4.3
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