Car battery plant to start production next year

Analysis

Japanʼs GS Yuasa Corporation is planning to build an electric vehicle battery plant in Miskolc, northeast Hungary. The plant would start production in September 2018, according to business daily Világgazdaság.

In the first phase of the investment, the Japanese company would set up an assembly facility in Miskolc. Hungaryʼs government is expected to declare the investment of "importance for the national economy" in December or January, to accelerate the process of obtaining permits, Világgazdaság reported.

The battery production plant would create 400 jobs and would supply rechargeable batteries to European electric car factories.

GS Yuasa Corporation has nine production plants worldwide, of which five are producing rechargeable Li-ion batteries.

ADVERTISEMENT

Business, consumer sentiment improve in January Analysis

Business, consumer sentiment improve in January

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

Gábor Király named managing officer of Dentons Budapest Appointments

Gábor Király named managing officer of Dentons Budapest

BKK introducing single digital tickets City

BKK introducing single digital tickets

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.