News Snapshot:
A Chinese company's plan to build a battery production plant in Hungary is set to make the central European country a leading hub in the sector, with experts saying it will help ease demand from the region's automakers as they accelerate the transition to electric vehicles, or EVs . Contemporary Amperex Technology Co Ltd, also known as CATL , the world's biggest lithium-ion battery manufacturer for EVs , recently announced it would invest 7.34 billion euros ($7.28 billion) to build a 100 GWh battery plant in Debrecen , in eastern Hungary , which would be the biggest greenfield investment in...
