Hungary -

NGK bags NAS battery orders for Hungarian grid storage demo project

Image for representation purposes only. Source: NGK Insulators

NGK Insulators recently received an order for sodium–sulfur (NAS) batteries from MVM Balance Zrt., a subsidiary of the Hungarian state-owned energy company MVM Group, for a grid-sc...

BYD to set up $1 bn EV plant in Turkey, ensuring access to European markets

Image: Turkey Directorate of Communications

BYD, the world's largest electric car maker, has agreed to invest $1 billion to set up a manufacturing plant in Turkey, with a deal signed in Istanbul between Fatih Kacır Mehmet, T...

Stellantis to invest €103 mn to support new EV platform

Image: Stellantis

Stellantis announced it would invest €103 million to increase production capacity of electric drive modules (EDMs) at its Szentgotthard plant, Hungary. The new capacity is expected...

BYD confirms NEV production base in Hungary to target European markets

BYD is to become the first Chinese car manufacturer to establish a production facility for new energy vehicles (NEVs) in Europe. The automaker has recently signed a preliminary lan...

EU approves €1.1 billion worth Hungarian scheme for energy storage projects

Image for representation purposes only.

The European Commission has approved a €1.1 billion worth Hungarian scheme to support the installation of at least 800 MW/ 1600 MWh of energy storage facilities to foster the ...

CATL kick starts 100 GWh battery plant construction in Hungary

Chinese battery maker CATL has just signed a land pre-purchase agreement with the Hungarian city of Debrecen, thereby officially confirming the proposed battery manufacturing facil...