On July 27th, Chinese battery manufacturer SUNWODA announced today that the company plans to establish an electric vehicle power battery factory in Hungary, with an initial investment of up to ¥1.96 billion ($274 million).
On July 13th, BYD plans to establish a battery assembly plant in Hungary with an investment of over ¥200 million (about $28 million). This is BYD's second factory in the country following the electric bus and truck factory in Hungary.
On August 12, CATL, a Chinese power battery giant, approved a proposal on investing in the construction of a new energy battery plant in Hungary. The plant will be CATL's second in Europe, in addition to its German plant.