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About this Report:
As Europe is decarbonising its economy, countries across the continent are stepping up efforts to rebuild their fossil-based systems and attract clean energy investments to grab a bigger share of electric vehicle (EV) market, set to nearly triple in value by the end of this decade.
CEE countries are charging ahead in the race with Poland and Hungary driving the EV battery boom in the region.
A well-developed auto and component manufacturing base, the region’s access to European markets and government subsidies have made CEE an appealing destination for EV battery investors.
Poland:
Europe's largest car battery factory (LG Energy Solution).
Exports of lithium-ion batteries have increased 40-fold since 2017.
Hungary:
CATL's €7.3bn investment in Europe's largest battery factory, located in Debrecen.
Debrecen has attracted more than €10bn of investment related to electric vehicles.
Other important developments in the CEE region:
Slovakia: Promising projects by startup InoBat and partnerships with Chinese manufacturers.
Serbia: First battery factory opened in 2023, with plans for expansion.
Fill out the form and read more about this transformation and find out how the region is shaping the future of the sustainable automotive sector!
CEE countries are charging ahead in the race with Poland and Hungary driving the EV battery boom in the region.
A well-developed auto and component manufacturing base, the region’s access to European markets and government subsidies have made CEE an appealing destination for EV battery investors.
Poland:
Europe's largest car battery factory (LG Energy Solution).
Exports of lithium-ion batteries have increased 40-fold since 2017.
Hungary:
CATL's €7.3bn investment in Europe's largest battery factory, located in Debrecen.
Debrecen has attracted more than €10bn of investment related to electric vehicles.
Other important developments in the CEE region:
Slovakia: Promising projects by startup InoBat and partnerships with Chinese manufacturers.
Serbia: First battery factory opened in 2023, with plans for expansion.
Fill out the form and read more about this transformation and find out how the region is shaping the future of the sustainable automotive sector!
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