- CATL will invest 7.34 billion euros in a 100 GWh battery plant in Debrecen, Hungary.
- Construction of the first production facilities will start within this year, pending shareholder approval.
- The plant will supply cells and modules to European automakers like Mercedes-Benz, BMW, Stellantis, and Volkswagen.
- CATL plans to use renewable energy and explore local partnerships for battery materials.
Investment and Location
Contemporary Amperex Technology Co., Limited (CATL) will invest 7.34 billion euros to build a 100 GWh battery plant in Debrecen, Hungary. This will be CATL's second European battery plant, following its German facility. The new plant will cover 221 hectares in the Southern Industrial Park of Debrecen.
Construction Timeline
Pending shareholder approval, construction of the first production facilities is set to begin within this year. The plant aims to supply both cells and modules to European automakers.
Strategic Location
Debrecen's central location in Europe and proximity to auto plants of customers like Mercedes-Benz, BMW, Stellantis, and Volkswagen will help CATL meet the battery demands of the European market. This strategic positioning will also enhance CATL's global production network and support the acceleration of e-mobility and energy transition in Europe.
Sustainability Initiatives
CATL is committed to reducing the carbon footprint in battery manufacturing by using electricity from renewable sources. The company is also considering developing solar power in collaboration with local partners in Hungary. Additionally, CATL is exploring partnerships to establish facilities for battery materials in Europe, aiming to build a sustainable and circular battery value chain.
Local and Industry Impact
Hungarian Minister of Foreign Affairs and Trade, Péter Szijjártó, highlighted the significance of this investment, noting that it is the largest greenfield investment in Hungary's history. The project is expected to strengthen Hungary's position as a leading battery production site globally.
