Ecopro bm hungary
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6 FAQs about [Ecopro bm hungary]
Who is EcoPro global Hungary?
ECOPRO GLOBAL HUNGARY Zrt. ("The Company"), which was established in Hungary in January 2022. ECOPRO GLOBAL HUNGARY Zrt. is owned by ECOPRO GLOBAL Co. Which is a 100% subsidiary of EcoPro BM. The Company will manufacture cathode active materials for rechargeable batteries in Debrecen.
Where will EcoPro BM build its first battery factory outside Korea?
The South Korean battery materials manufacturer EcoPro BM will apparently build its first factory outside Korea in Debrecen, Hungary. This is to produce 108,000 tonnes of cathode materials for electric car batteries per year. This was announced by Hungary’s Foreign Minister Peter Szijjarto.
Where is EcoPro BM headquartered?
South Korean EcoPro BM is opening its first European factory in Debrecen, which will be the company's first location outside Korea. The volume of the project is EUR 728 million. EcoPro BM will create about 631 new jobs by manufacturing cathode material for lithium-ion batteries essential for electric vehicle batteries.
Will Hungarian government provide a grant to EcoPro BM?
He said the Hungarian government was providing a grant to EcoPro BM, the amount of which will be published after the European Commission is notified of the deal. The plant will have a capacity to produce 108,000 tonnes of cathodes annually, enough to supply 1.35 million electric cars.
Is the European market a good opportunity for EcoPro BM?
"The fast-growing European market is a very good opportunity for EcoPro ... this is our first foreign investment and an important step," EcoPro BM's CEO Kwon Woo-seuk said after the agreement. Ecopro Co Ltd (086520.KQ) is a Korea-based company principally engaged in the manufacture and sale of secondary battery materials.
How many electric cars can EcoPro BM produce?
This should be able to produce batteries for 1.35 million electric cars. EcoPro BM will supply the cathode materials to Samsung SDI’s battery factory in Göd near Budapest, Hungary. Samsung SDI and EcoPro BM had set up a joint venture for cathode materials last year.