Hyperdrive
Hungary Spending $2 Billion on Infrastructure Where BMW, CATL Build EV Batteries
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Hungary will undertake a 700 billion forint ($2 billion) infrastructure development project in Debrecen that will help transform the country’s second-largest city into one of Europe’s biggest battery production hubs.
The upgrade will affect transportation, roads and potable and waste-water management, Construction Minister Janos Lazar said at a briefing in Debrecen on Tuesday. He said the investments come on top of direct subsidies to companies like BMW AG and Contemporary Amperex Technology Co. Ltd.