With the acceleration of the trend of global automobile electrification, China's power battery industry chain enterprises have gradually accelerated the pace of overseas expansion, and Europe, Japan, South Korea and Southeast Asia have become the main target markets for these enterprises. Among them, Europe has become the first choice for many enterprises to build factories overseas, especially Hungary.
In 2022, Ningde Times announced that it would invest 7.34 billion euros (about 50 billion yuan) in Hungary to build a second European factory with a planned capacity of 100 GWh, making it the largest overseas investment ever received by Hungary. On August 26,
local time, J Jávor Benedek, a politician and former member of the European Parliament of Hungary's opposition Dialogue Party, said on social media that. The European Commission will investigate the battery factory of Ningde Times in Debrecen, Hungary.
This spring, the opposition politician filed a complaint with the European Commission, saying that the Ningde Times Battery Factory had been granted a construction permit even though its water requirements might not meet the EU directive on groundwater conditions. According to reports, the European Commission has now replied to Yavor that it will investigate the situation in his complaint.
It is understood that the Hungarian factory in Ningde Times will produce battery cores and modules, and become the service center of European automobile factories, supplying about 30 electric vehicle brands including BMW, Mercedes-Benz and Volkswagen. On February 13
this year, the municipal government of Debrecen issued an environmental license for the Hungarian factory in the Ningde era. It is understood that significant progress has been made in the construction of the plant since the permit was issued. According to the established plan, the plant will be commissioned next year and put into operation in 2025.
Recently, in response to questions from investors, Ningde Times said that the Hungarian project is large in scale and the company is carrying out construction by stages, which is progressing smoothly. At present, most of the products sold to Europe are produced domestically and mainly exported in the short term. It is expected that the local supply will increase when European factories are built and put into operation in the future.
It is worth mentioning that, in addition to Ningde Times, in July this year, Xinwangda announced plans to invest in the construction of a new energy vehicle power battery factory in Hungary; in June, Yiwei Lithium Energy also announced that it would invest 9.97 billion yuan to build a large cylindrical battery factory in Hungary; Earlier, it was reported that BYD would also build a new battery assembly plant in Hungary, with an investment of 200 million yuan.
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