EV battery plant in Hungary
“Old factory building, Avas, Miskolc, Hungary” by beatbull is licensed under CC BY-NC 2.0.
In 2019, the Japanese electric vehicle manufacturer GS Yuasa opened an electric vehicle lithium battery plant in the Hungarian city of Miskolc. The overall cost was €27M, with €1.6M contributed by the Hungarian government.
Miskolc is a heavy industry center with an existing skilled workforce in the automotive industry. It also has access to renewable geothermal energy. The plant employed 51 people when it opened, with projections of 400 jobs at full capacity.
The action represents a successful adaptive coping strategy on the part of the region to attract and maintain new investment.
Funding
The CINTRAN project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No. 884539. The sole responsibility for the content of this website lies with the authors and does not necessarily reflect the opinion of CINEA or other EU agencies or bodies.