US EditionWhat Happened? Continuation of Hungary's Largest Investment Project Suspended - UPDATE: CATL Reaction
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9 Articles
What happened? Continuation of Hungary's largest investment project suspended - UPDATE: CATL reaction
It has been reported by Hungarian news portal Telex on Thursday that the continuation of Hungary’s largest investment project, preparations for the second phase of CATL’s battery factory in Debrecen, have been suspended indefinitely. The news portal has learnt that the decision was justified by market uncertainty resulting from Trump’s tariff threats, and that several people from the architectural team working on the design have been fired. Larg…
The Chinese company CATL has indefinitely suspended the second phase of its battery factory being built in Debrecen, Telex has learned. The investment is in the preparation phase. According to the newspaper, the decision to temporarily halt the development worth one trillion forints was made due to US President Donald Trump's tariff war and the resulting market uncertainties. It is understood that several people have now been fired from the arch…
China's CATL is suspending preparations for the second phase of its Debrecen battery factory because it sees the market as uncertain due to Trump's tariff war threats. The company says it is now working hard to launch the first factory unit, built at a cost of 1,000 billion.
The German economy is recovering, but the unprecedented 500 billion euro investment package is yet to come.
An amazing turn of events! While false news was circulating on Thursday about the shutdown of the Debrecen battery factory, a huge investment is expected to be announced on Friday.
According to the mayor's office, there is no justification for revising the city's economic program after the Chinese battery factory will not expand further for the time being.
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