CATL plans to build its second European battery factory in Debrecen, Hungary

CATL announced that it will build its second European battery factory in Debrecen, Hungary, with an estimated production capacity of 100GWh and a total investment of 7.34 billion euros. The factory is close to automakers such as Mercedes-Benz and BMW, which will help meet European market demand and support local electrification. The factory will use renewable energy and work with local partners to explore opportunities for sustainable development.