EV and battery industries are priorities for Hungarian economic development policy Battery cell production capacity outlook for Hungary, GWh/year Source: HIPA, 2024 The Hungarian story is also part of a common EU project The global battery market is advancing rapidly as demand rises sharply.
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Current Year (2022): The 2022 cost breakdown for the 2023 ATB is based on (Ramasamy et al., 2022) and is in 2021$. Within the ATB Data spreadsheet, costs are separated into energy and power cost estimates, which allows capital
The current battery production facilities in Hungary, together with the growing number of end-of-life electric vehicles, offer good opportunities to develop innovative and sustainable recycling processes of the valuable battery materials. 6. Strengthening international co-operation
Hungary is ideally located on the European battery map, thanks to its central geographical location, investments in cell and battery production facilities, the presence of large car manufacturers and its extensive supplier industry.
GS Yuasa also produces automotive lithium-ion starter batteries, while Inzi Control also manufactures battery modules. Many of the significant suppliers of the battery industry in Hungary are located directly near the main car manufacturing plants.
It may be beneficial for Hungary if the education and further training programmes currently being developed at EU level, covering the entire battery value chain (e.g. the ALBATTS project)7, are transposed in a way that meets Hungarian conditions.
Global battery cell production is projected to reach 2,340 GWh by 2025, which is expected to increase further. The favourable market vision and the increased demand for battery cells are adequately reflected by the increase in the European battery production capacity.
The extraction, recycling and multiple (re)-use of raw materials for battery production will create value and business opportunities in the transition to a sustainable and circular economy. 6. Strengthening international co-operation
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