The construction of the battery plant is advancing according to plan, EVE Power said.

EVE Power announced the HUF 400 billion plant in the spring of 2023 and started ground work the following fall.

EVE Power started recruiting to staff the plant in 2023. New hires are set to reach 60 in 2024, around 100 in 2025, over 550 in 2026 and close to 300 in 2027.

The plant, slated to start production in 2026, will supply a factory German car maker BMW is building in Debrecen.