In March 2022, media reported that the Chinese company CATL was considering sites in the United States and in Juarez and Saltilo, Mexico, to build a $5 billion battery factory. When completed, the plant will produce nickel-manganese-cobalt batteries and lithium iron phosphate batteries, mainly for Tesla and Ford Motor Co. But media reported on August 3 that they had decided to delay the announcement of the North American plant due to tensions over the speaker of the US House of Representatives.
CATL announced on August 12 that in order to further deepen the company's global strategic layout, promote the development of overseas business, to meet the overseas market demand, the company intends to invest in the construction of Hungary Times new energy battery industry base project in Debrecen city, Hungary, The total investment of the project will not exceed €7.34 billion.
It is reported that the project will build a 100GWh power battery system production line, and the total construction period is expected to be no more than 64 months (the final construction is subject to the actual situation). The construction of the first plant will start in 2022 after obtaining relevant approval.
According to the company, Hungary has a long history of automobile manufacturing and good industrial support. Battery raw materials, diaphragms and other auxiliary materials can be purchased in the surrounding areas. The combination of good industrial environment and battery technology of the company will make a better contribution to the electrification of transportation in Europe. Secondly, Hungary is located in the center of Europe, with outstanding geographical advantages and a large number of vehicle enterprises gathered, the establishment of factories in Hungary is convenient for the company to respond to customer needs in a timely manner. Thirdly, Hungary, especially Debrecen, has a favorable investment environment, good transportation and logistics infrastructure, and a large number of excellent industrial and technical workers, which provides a good development boost for the investment and establishment of factories in Hungary by CATL.
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