China’s CATL plans renewables-powered EV battery manufacturing unit in Hungary

August 15 (Renewables Now) – China’s Modern Amperex Know-how Co Ltd (SHE:300750), or CATL, on Friday unveiled plans for the development of a renewable energy-powered manufacturing unit for automobile battery cells and modules in Hungary.

The Chinese language producer intends to spend EUR 7.34 billion (USD 7.5bn) on constructing the 100-GWh manufacturing facility, which can be its second one in Europe. Will probably be situated in an industrial space of 221 ha (546 acres) within the metropolis of Debrecen, the capital of Hungary’s Northern Nice Plain area.

To energy the manufacturing course of, CATL will use electrical energy from renewable power sources. Its future plans additionally embody the event of solar energy tasks along with native companions.

The undertaking is pending shareholder clearance. Offered it’s given the inexperienced mild, CATL intends to start development works throughout the present yr, it mentioned.

At current, CATL is within the means of commissioning its German battery manufacturing plant, which is anticipated to roll out its first cells and modules by the top of 2022 at an preliminary capability of 8 GWh per yr. The development of the 14-GWh website in Thuringia was launched in 2019.

(EUR 1.0 = USD 1.025)

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