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Chinese battery factory for Hungary
Recently, China’s largest electric vehicle battery manufacturer, CATL (Contemporary Amperex Technology Co. Limited), reached an agreement with Hungary to build a battery factory worth 7.34 billion euros. This is the largest-scale investment ever obtained by the country and will become the largest battery factory in the region once completed. Why did China award such a large order to Hungary? Located in Central Europe, Hungary is currently a member of the […]