Nyíregyháza Battery Factory to Be in Production by 2025

Hungary Today 2023.08.21.

One of the world’s largest battery manufacturers, China’s Sunwoda, is to build its first European plant in Nyíregyháza (a city in northeastern Hungary) with an investment worth around 580 billion forints (EUR 1.51 B), creating thousands of new jobs – reports Járműipar.

Bird’s eye view of Nyíregyháza. Photo: Facebook/Nyíregyháza MJV

Sunwoda, one of the world’s top ten battery manufacturers, is setting up its first European plant in Hungary in response to growing demand from the continent’s automotive industry. The company has announced an investment of HUF 93 billion (EUR 242.5 M) in the first phase, but the project will be worth HUF 580 billion (EUR 1.51 B) in the long term, including the other construction phases, creating thousands of jobs in Nyíregyháza.

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Chinese Sunwoda will build its first European plant in Nyíregyháza with an investment of HUF 580 billion.Continue reading

Sunwoda announced that it will build its most modern battery factory ever in Nyíregyháza, in the Southern Industrial Park. Construction will start next year and production is scheduled to start at the end of 2025.

The plant will supply lithium-ion energy sources from Nyíregyháza to the automotive industry on the continent.

Fact

The Sunwoda Group was founded in 1997, and is headquartered in Shenzhen. It started producing batteries for electric vehicles in 2008. It has an extensive product portfolio, offering a wide range of energy storage technologies and related hardware for well-known household brands in the industry. Its factories are located in China and India.

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Featured image: Facebook/Sunwoda Energy Technology