According to rumors, both Volkswagen and Volvo may build factories in Hungary

According to rumors, both Volkswagen and Volvo may build factories in Hungary
According to rumors, both Volkswagen and Volvo may build factories in Hungary

There are more and more signs that the newest European production base of CATL, China, the largest player in the global battery market, may be built in Debrecen. There is no official announcement yet, but in early May, the South Korean business news site shared details about the expected project, according to which CATL will buy a 200-hectare area in Hungary as part of its international expansion, the portal reads.

Referring to sources familiar with the domestic battery market, the South Koreans also reported that the facility will be located in Debrecen and will be the next European production base for CATL. They also had information about the purchase of the site, which could be about 20 kilometers away from the site of the BMW factory under construction.

It is not yet known exactly what CATL’s investment in Hungary may be if it is actually implemented.

Nio can also see fantasy in Hungary

Recently, there has been news about Nio that it could make a significant investment in Hungary. According to reports, one of the most important players in the production of electric cars in China would manufacture battery replacement stations and charging poles in order to supply the European market, which is facing great growth, from Hungary.

Thus, according to the news, Nio is planning to build a battery replacement plant in Hungary, along the international strategy previously set by the company, within the framework of which the company will expand in Europe after China. According to an unconfirmed report, the Chinese company will be able to produce not only a battery replacement station in the factory planned for Hungary, but also quick-charge poles – for customers who do not have a subscription for battery replacement.

Volkswagen would build a huge battery plant in Eastern Europe

The management of the German carmaker announced last October that a decision could be made in the first half of 2022 on where to build the group’s Eastern European battery plant, which would be the fourth in a row. Volkswagen plans to set up a total of six such production bases across Europe by the end of the decade in order to be able to supply battery-powered models, which are playing an increasingly important role in sales. The final location is also extremely important for Hungary, as according to Volkswagen, in addition to the Czech Republic, Poland and Slovakia, Hungary is also competing for the investment. According to reports, Hungary has offered several possible locations: in the eastern, southern and western parts of the country.

Volvo would build a new plant in Europe

So far, the record was an investment of 3 billion euros, and if a good God helps us, we can announce an investment of more than six billion euros before the elections, Viktor Orbán said at the opening of the Hungarian Chamber of Commerce and Industry at the end of February. This has not happened so far, but industry sources believe that Volvo’s parent company, Geely in China, is looking for a location for its new European production base and that Hungary has a chance to win the investment.

The Chinese group bought the legendary Swedish carmaker in 2010. Demand for Volvo’s vehicles is reported to be so high that it is already straining its production network, making it very justified for Volvo’s management to build a new production base in Europe.

According to Just-Auto, one of the possible scenarios is that target countries such as Slovakia, the Czech Republic and Hungary will play a leading role, which may strengthen the previous information, ie that Hungary may be competing as a possible manufacturing location, writes

The article is in Hungarian

Tags: rumors Volkswagen Volvo build factories Hungary

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