Sunwoda was founded in 1997 and has since grown into a global leader in lithium-ion battery production and energy solutions. It specializes in various segments, including EV batteries, energy storage systems, and consumer electronics.
the establishment of its first European battery factory in Nyíregyháza, Hungary. This €1.5 billion investment marks Sunwoda’s strategic entry into the European market, particularly in supporting the electric vehicle (EV) industry. The facility, slated to begin operations by the end of 2025, will produce lithium-ion batteries for the automotive sector and is expected to create thousands of local jobs.
The plant in Hungary aligns with the European Union’s goal for carbon neutrality by 2050 and the electrification of the automotive industry. The factory will rely heavily on renewable energy, such as solar power, and will meet stringent environmental regulations by utilizing treated wastewater for most of its operational needs. This partnership represents a significant step in Sunwoda’s efforts to support Europe’s green transition and foster its long-term growth in the EV battery market.
Sunwoda’s cooperation with Hungary exemplifies its capability to adapt to local needs while contributing to global sustainability goals
