More than One Hundred Billion Forints in State Aid Approved for Sunwoda's Nyíregyháza Battery Factory

telex.hu

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The European Commission concluded that the Hungarian state aid provided for the Chinese company's investment is necessary, appropriate and proportionate.

trend.sk

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Budapest provides assistance through financial resources and tax breaks

hnonline.sk

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The European Commission has approved state aid worth €264 million for the construction of a factory by the Chinese company Sunwoda to produce batteries for electric vehicles in Hungary. The Commission announced this in a press release today. The company is to invest a total of €1.43 billion in the factory in the Hungarian city of Nyíregyháza. The Hungarian state aid will take the form of a cash subsidy and a tax break. According to the European …

Heti Világgazdaság

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This is more than 100 billion forints at the current exchange rate.