The South Korean company EcoPro is investing HUF 280 billion (EUR 746 million) in the construction of a cathode plant for electric batteries in Debrecen. 630 new jobs will be created here.
This is the company’s first plant outside South Korea. It will produce about 108,000 tonnes of cathode material annually. The state is supporting the development with HUF 30 billion (EUR 80 million).