Official: Battery plant in Debrecen largest ever investment project in Hungary

The largest ever investment project in Hungary will be carried under an agreement signed with Chinese battery producer Contemporary Amperex Technology (CATL) which will set up its second European plant in Debrecen, in eastern Hungary, the parliamentary state secretary of the foreign ministry said on Friday. Levente Magyar said that after a series of talks spanning over more than two years, the world's largest battery maker will invest 3,000 billion forints (EUR 7.6bn) in a plant occupying 221 hectares and employing 9,000 people.