Which companies make lithium-ion batteries in Hungary?

Today, Samsung SDI and SKI Innovation operate several giant factories in Hungary, whose total production will potentially grow to 47.3 GWh by 2025 and up to 87.3 GWh by 2030. GS Yuasa also produces automotive lithium-ion starter batteries, while Inzi Control also manufactures battery modules.

Who makes EV batteries in Hungary?

The only exception is BYD, which operates (among others) a bus assembly plant in Hungary and uses its own batteries. In below, we provide a slight overview about the EV battery producer companies which already operate manufacturing plants in Hungary or announced to do so in the near future.

Where is the battery industry located in Hungary?

Many of the significant suppliers of the battery industry in Hungary are located directly near the main car manufacturing plants. Since 2016, a total of HUF 1,903.8 billion (EUR 5.29 billion) and approximately 13,757 jobs have been created as a result of working capital investments in the battery industry.

Why are EV traction batteries made in Hungary?

Over the last years, many of the leader EV traction battery manufacturers and their suppliers chose Hungary as the location of their newly established manufacturing plants. This is in line with the goal of the Hungarian government to become one of the main battery producer countries not only in Europe, but also at global level.

Why is Hungary a good place to buy a battery?

Hungary is ideally located on the European battery map, thanks to its central geographical location, investments in cell and battery production facilities, the presence of large car manufacturers and its extensive supplier industry.

Should Hungary invest in EV battery plants?

Within the European Union, Hungary puts a particularly high stake on EV battery plants, in the hope that it will find itself among the leading countries of an emerging industry within a few years. Commitment to green mobility is not the only motivation for attracting large battery manufacturers to the small Central European country.