Polaris Energy storage network learned that on August 12, Ningde Times announced that the company planned to invest in the construction of Hungary Times new energy battery industry base project in Debrecen city, Hungary, the total investment of the project is not more than 7.34 billion euros.
The project is reportedly to build a 100GWh power battery system production line. The total construction period is expected to take no more than 64 months, with the first plant slated to start construction in 2022 after receiving relevant approvals.
In addition, there are media reports, the era of Ningde choose factory in Hungary, Ningde times said, first, because the local has a long history of automotive industry, industrial supporting is good, the battery raw material, the diaphragm and other auxiliary materials may purchase in the surrounding area, good industrial environment and the era of Ningde battery technology, Better able to contribute to the electrification of transport in Europe; Secondly, Hungary is located in the center of Europe, with outstanding geographical advantages and a large number of vehicle enterprises gathered, the establishment of factories in Hungary is convenient for Ningde Time to respond to customer needs in time. In addition, Hungary, especially Debrecen, has a favorable investment environment, good transportation and logistics infrastructure, and a large number of excellent industrial and technical workers, which has provided good development impetus for the investment and establishment of factories in Hungary by Ningde Times.
