Mercedes, CATL partner on $7.6 billion Hungary battery plant
The plant will have capacity of 100 gigawatt hours, enough to power more than 1 million cars, and will run on renewable energy.
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The plant will have capacity of 100 gigawatt hours, enough to power more than 1 million cars, and will run on renewable energy.
Mercedes-Benz Group AG will join China’s Contemporary Amperex Technology Co. Ltd. in building a battery factory in Hungary with an investment of as much as $7.6 billion.
China's CATL is set to build a $7.6 billion battery manufacturing plant in Hungary, making batteries for electric vehicles for BMW and Mercedes.
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China's CATL said on Friday it would build a 7.3 billion euro battery plant in Hungary, Europe's largest so far, as the world's biggest electric vehicle battery maker gears up to meet growing demand...