CATL to Set Up $7.6 Billion Hungary Battery Plant to Supply BMW, Mercedes Amid Growing Demand

CATL to Set Up $7.6 Billion Hungary Battery Plant to Supply BMW, Mercedes Amid Growing Demand

China’s CATL said on Friday it would build a EUR 7.3 billion (roughly Rs. 59,600 crore) battery plant in Hungary, Europe’s largest so far, as the world’s biggest electric vehicle battery maker gears up to meet growing demand from global automakers. CATL said that construction of the 100 GWh (gigawatt hours)…