Hungary on Tuesday gained EU competition approval to grant 209 million euros ($230 million) in state aid to South Korea's SK Innovation Co's electric vehicle battery plant, its third in the country.
Several automakers are planning for giant electric vehicle (EV) battery factories as they expect sales to soar as governments curb the sale of petrol and diesel cars. Meanwhile, other companies are already thinking about how to recycle and reuse their batteries as their first life cycle comes to an end. Northvolt has announced backing from VW and Goldman Sachs to build a huge
Automakers are betting big on the battery boom, with some of the top companies in the world planning to build state-of-the-art battery factories in the near future
Stellantis, LG Energy pick Ontario for EV battery plant autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.