US EditionHungary’s Flagship Battery Sector Racks up $112mn Losses Amid Demand Slump
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Hungary’s flagship battery sector racks up $112mn losses amid demand slump
Hungary’s battery manufacturing sector, heralded as a pillar of the manufacturing sector, has posted combined annual losses of nearly $112mn, as weakening global demand and shifting trade dynamics hit the industry hard.
·Berlin, Germany
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The "battery bible" has been published - so there will be no landfills in Hungary - The key question is already there.
·Budapest, Hungary
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Revenue decline, layoffs. The so-called miracle weapon.
Asian battery factories, lured to Hungary with generous subsidies, are producing at half-speed. Instead of the previously predicted box office boom, they incurred losses of tens of billions last year, and some factories have even reduced their workforce.
·Budapest, Hungary
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