Which companies make lithium-ion batteries in Hungary?

Today, Samsung SDI and SKI Innovation operate several giant factories in Hungary, whose total production will potentially grow to 47.3 GWh by 2025 and up to 87.3 GWh by 2030. GS Yuasa also produces automotive lithium-ion starter batteries, while Inzi Control also manufactures battery modules.

How many GWh a year does a battery produce in Hungary?

Indeed, by November 2023, battery production capacity in Hungary reportedly already reached 87 GWh/year, not including the newest SK Innovation plant, which is expected to begin production soon and to provide an additional output of 30 GWh/year alone when operating on full throttle.

Who makes EV batteries in Hungary?

The only exception is BYD, which operates (among others) a bus assembly plant in Hungary and uses its own batteries. In below, we provide a slight overview about the EV battery producer companies which already operate manufacturing plants in Hungary or announced to do so in the near future.

Why are EV traction batteries made in Hungary?

Over the last years, many of the leader EV traction battery manufacturers and their suppliers chose Hungary as the location of their newly established manufacturing plants. This is in line with the goal of the Hungarian government to become one of the main battery producer countries not only in Europe, but also at global level.

Why is Hungary a good place to buy a battery?

Hungary is ideally located on the European battery map, thanks to its central geographical location, investments in cell and battery production facilities, the presence of large car manufacturers and its extensive supplier industry.

Can Hungary extract lithium from the Pannonian Basin?

Hungary has the opportunity to exploit the geothermal brines of the Pannonian Basin for lithium extraction and to develop lithium production processes with low carbon dioxide emissions.