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On November 28, Liu Jincheng, Chairman of EVE Energy, announced the commencement of construction for the 1 billion Euro battery factory in Debrecen, Hungary.

According to the schedule, the Hungarian facility is expected to be completed and operational by 2026, supplying large cylindrical batteries to BMW’s Debrecen plant. The Hungarian government will provide HUF 1.4 billion in subsidies to EVE Energy.

In addition to EVE Energy, there have been recent developments in European projects for battery companies such as CATL and Gotion.

On November 22, InoBat announced that it has signed a MoU with the joint venture established with Gotion and the Slovak government to construct a battery factory in the city of Šurany.

On October 19, CATL disclosed an interactive platform that the first-phase construction of the battery factory in Hungary has started, with an estimated completion time of around two years.

On August 9, SVOLT announced the establishment of the first phase of a new energy vehicle power battery factory in Hungary through its subsidiary, with an investment of approximately CNY 1.9 billion.

Source: WeChat Official Account—电池工业网

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