Why is battery storage important in Hungary?

State-of-the-art battery storage has great development potential in both areas all over the world. Hungary’s industrial, R&D traditions and capabilities are already outstanding in this field. The development of this sector can make the Hungarian battery industry a strategically important one in the Hungarian economy.

What is the Hungarian battery industry platform?

On July 1, 2021, ZKK, in cooperation with the Ministry of Innovation and Technology, established the Hungarian Battery Industry Platform, which brings together more than sixty industrial, academic and public administration institutions. They began preparations to establish the Hungarian Battery Association.

Why are EV traction batteries made in Hungary?

Over the last years, many of the leader EV traction battery manufacturers and their suppliers chose Hungary as the location of their newly established manufacturing plants. This is in line with the goal of the Hungarian government to become one of the main battery producer countries not only in Europe, but also at global level.

How many GWh a year does a battery produce in Hungary?

Indeed, by November 2023, battery production capacity in Hungary reportedly already reached 87 GWh/year, not including the newest SK Innovation plant, which is expected to begin production soon and to provide an additional output of 30 GWh/year alone when operating on full throttle.

What are the key challenges facing Hungarian battery production?

Péter Kaderják, President of the Hungarian Battery Association, described the reduction of costs to a more competitive level, appropriate regulation, sustainability and the issue of recycling as the key challenges for battery production. Important role of Asians

Is Hungary a bridging role for Western car manufacturers & Asian battery producers?

Hungary seeks to play a bridging role between Western car manufacturers and Asian battery producers, in line with its policy of economic connectivity and economic neutrality. According to the HIPA CEO, all the data suggest that the downturn in the automotive industry is only temporary and the outlook is positive.