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Sunwoda can have EUR264 million from Hungary for EV battery plant, EU watchdog says

( August 14, 2025, 10:19 GMT | Official Statement) -- MLex Summary: Hungary has secured European Commission approval for its plans to grant 264 million euros in public funding to Sunwoda Automotive Energy Technology to set up an electric vehicle battery factory in Nyíregyháza. The measure, coming in the form of a cash grant and a tax credit, will back up the company's 1.43 billion-euro investment in a greenfield plant that will produce lithium-ion battery cells that will power electric vehicles.Statement follows. ...

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