REUTERS: German car giants and Asian battery kings: a match made in Hungary

[wemay]

German car giants and Asian battery kings: a match made in Hungary

German automakers and Asian battery suppliers are getting together in Hungary in a multi-billion-dollar marriage of convenience to drive their electric ambitions.

www.reuters.com

 

[Vil_Riker]

It is the only EU country that still has cheap energy so it's not surprising that the German manufacturers are fleeing to Hungary. They are planning to move a lot more production to China as well.