CATL builds large factory for batteries in Hungary

The location for battery market leader CATL’s next factory in Europe has been decided. The company from Ningde plans to invest €7.34 billion in the Hungarian city of Debrecen. The company also seeks to produce battery cells there. This is important because a large proportion of the cells have so far been supplied from the Far East, even though more and more battery plants are being built in the EU. Batteries essentially consist of cells.