Eve Power to build first European battery plant in Hungary

Eve Power to build first European battery plant in Hungary

Eve Power to build first European battery plant in Hungary 231 308 Energy Storage Journal

May 12, 2023. Chinese battery maker Eve Power is to invest around HUF 400 billion ($1.18 billion) to build its first European plant in Hungary, the country’s foreign and trade minister Péter Szijjártó said on May 10.

Szijjártó (pictured) said the government will contribute HUF 14 billion to support the project, which will be built in Debrecen.

BMW has already asked Eve to supply batteries for the plant it is building in Debrecen, Szijjártó said.

According to Szijjártó, 95% of the water needs of the plant will be provided from treated wastewater and surface water, and the company will also recycle part of the technological wastewater on site.

“Without electric cars, Europe’s green objectives cannot be met, and electric cars cannot be used without batteries,” the minister said. Without electromobility “the cause of environment protection would be lost, and we would lose the fight against global climate change”.

According to Szijjártó, demand for batteries will increase 10-fold by 2030.

“Countries successfully attracting battery plant projects will receive a long-term guarantee of economic growth,” he said.

In August 2022, China’s Contemporary Amperex Technology confirmed plans to invest more than €7 billion ($7.6 billion) in building a 100GWh lithium ion battery production plant in Debrecen.