Hungarian FM: Chinese battery maker Sunwoda to build first European plant

Chinese battery maker Sunwoda will build its first European plant with investment of HUF 580 billion (EUR 1.5bn) in Nyíregyháza, eastern Hungary, which will create thousands of jobs, Foreign Minister Péter Szijjártó said on Thursday.

The ministry cited Szijjártó as saying that Chinese Sunwoda was among the top ten battery makers globally. In the first phase, the investment has been announced to cost HUF 93 billion but including further construction required in the project, it will total HUF 580 billion in the long term, he added.

“This is the largest investment announced this year,” he said. “This is the third investment this year that represents a value of more than 1 billion euros and it will enable us to fulfil the promise not only to exceed last year’s record-high investments but also to double them,” he added.

He said Sunwoda considered environmental protection a priority and 90 percent of the plant’s water demands would be supplied from waste water after treatment. Drinking water will only be used for handwashing, drinking and other similar purposes, and a pre-treatment facility will be set up for the waste water, he added.