News Korean-Canadian JV joins rush to open EV plant in Hungary A joint venture between South Korea’s LG Electronics and Canada’s Magna International has become the latest EV venture to announce building plans in Hungary.
News China’s Sunwoda joins rush to build battery plants in Hungary China’s Sunwoda Electronic will invest up to $274.71m to build an electric-vehicle battery factory in Hungary, Reuters reports, citing a filing to the Shenzhen Stock Exchange yesterday. The money will…
News Hungary referred to court over building material fixed price rules The European Commission has decided to refer Hungary to the European Court of Justice (ECJ) for setting fixed prices for building materials such as sand, gravel, and cement. It objects…
Trends Chinese battery maker joins surge of investors in Hungary’s EV industry Chinese battery manufacturer Eve Power will build a €3.7bn factory in Debrecen, Hungary, boosting the country’s role as the centre of the European electric vehicle (EV) industry. Hungarian foreign minister…
News Korean company starts $290m Hungarian battery plant South Korean battery materials firm EcoPro has begun work on a $290m in a Hungarian plant making cathodes for electric vehicle (EV) batteries. A groundbreaking ceremony was held on Friday…
News Hungary agrees new deal for two Russian reactors Hungary and Russia have reached a new agreement to add two VVER-1200 reactors to the Paks nuclear power plant, the Budapest Business Journal reports. The agreement modifies the original contract…
