November 29, 2022

On August 12, CATL, a Chinese language energy battery massive, licensed a suggestion on making an investment within the development of a brand new power battery plant in Hungary. The plant shall be CATL’s 2nd in Europe, along with its German plant, and can produce cells and modules for Eu automakers.

CATL mentioned that with the speedy construction of the brand new power trade in another country, particularly in Europe, the ability battery marketplace is rising. In an effort to additional advertise the improvement of the corporate’s in a foreign country industry and meet the desires of in a foreign country markets, CATL plans to spend money on the development of a brand new power battery plant in Debrecen, Hungary, with a complete funding of round than €7.34 billion.

The corporate will construct an influence battery machine manufacturing line in Hungary with an annual capability of 100 GWh, in line with the announcement. The entire development duration for the challenge, which has a deliberate web site house of about 2.21 million sq. meters, will take not more than 64 months, with the development of the primary development to start this yr after approval.

Then again, CATL mentioned that this funding must be licensed or filed by way of the shareholders’ assembly of the corporate whilst additionally nonetheless wanting approval from the Chinese language and Hungarian governments and their departmental overseers.

SEE ALSO: BYD Surpasses CATL in Loading Capability of Lithium Iron Phosphate Batteries

On August eleventh, the China Automobile Battery Innovation Alliance launched their knowledge regarding energy batteries for the month of July. The document displays that during July, the loading capability of energy batteries in China used to be 24.2 GWh, up 114.2% year-on-year. CATL ranks first in energy battery loading capability, with 47.19% of the marketplace percentage.

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