China's Sunwoda to invest $274.7mln in car battery factory in Hungary

$Image used for illustrative purpose. Workers watch as a battery exchange robot changes the batteries in an electric car at China\\'s largest electric vehicle battery recharging station in Beijing , Reuters Images/David Gray$

Image used for illustrative purpose. Workers watch as a battery exchange robot changes the batteries in an electric car at China's largest electric vehicle battery recharging station in Beijing
Reuters Images/David Gray

Sunwoda Electronic plans to set up a power battery factory in Hungary

Beijing Newsroom, Reuters News

July 27, 2023

PHOTO
Image used for illustrative purpose. Workers watch as a battery exchange robot changes the batteries in an electric car at China's largest electric vehicle battery recharging station in Beijing

China's Sunwoda Electronic plans to set up a power battery factory in Hungary for new energy vehicles, with initial investment of up to 1.96 billion yuan ($274.71 million), the battery maker said in a filing to Shenzhen Stock Exchange on Thursday.

(Reporting by Beijing Newsroom; Editing by Christian Schmollinger)

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