GS Yuasa also produces automotive lithium-ion starter batteries, while Inzi Control also manufactures battery modules. Many of the significant suppliers of the battery industry in Hungary are located directly near the main car manufacturing plants.
Many of the significant suppliers of the battery industry in Hungary are located directly near the main car manufacturing plants. Since 2016, a total of HUF 1,903.8 billion (EUR 5.29 billion) and approximately 13,757 jobs have been created as a result of working capital investments in the battery industry.
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.
By the end of the decade, the factory will be churning out 100 gigawatt hours (GWh) of battery capacity each year. This would be enough to equip a million cars (based on current EV capacities) and make Hungary one of the main manufacturers in Europe — in line with the government's plans to become "a great power” of battery production.
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.
Aiming to overtake Germany and the US in battery manufacturing capacity, the Hungarian government funded the production by over €2.5 billion in the form of subsidies and infrastructure development, according to an estimate by the independent outlet G7.
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