Automakers

Hungary to spend $2B on infrastructure where BMW, CATL are building EV batteries

BMW CATL battery plant Hungary
The construction site of the CATL battery plant in Debrecen, Hungary. (BLOOMBERG)
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By:
Bloomberg
January 10, 2024 10:26 AM

Hungary will undertake a 700-billion-forint ($2 billion) infrastructure development project in Debrecen that will help transform the country’s second-largest city into one of Europe’s biggest battery production hubs.

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