Chinese battery maker EVE Energy plans to build a plant in Hungary
Chinese battery maker EVE Energy plans to invest 1 billion euros ($1.1 billion) to build a battery production plant in the eastern Hungarian town of Debrecen, Hungarian Foreign Minister Peter Szijjarto said at a conference on Tuesday.It will be the company's first factory in Europe and is designed to meet the demand for lithium-ion batteries for BMW's electric vehicles. The renowned German automaker is building a new electric car factory in Debrecen, with series production of the first all-electric New Class car due to begin in 2025.Other European clients of EVE Energy include Daimler and Jagu...