EU approves EUR 264 million aid for Sunwoda EV battery plant in Hungary
On August 14, the European Commission approved a EUR 264 million support package for Hungary Sunwoda Automotive Energy Technology Kft. to build EV battery plant in Nyíregyháza, Hungary. The aid, provided as a cash grant and tax credit, will back Sunwoda’s EUR 1.43 billion investment. The project will create over 2,50