AMS Evolution Munich – Building Europe’s EV production network

AMS Evo Munich 22

Building battery gigafactories and updating existing plants are key in ensuring Europe will become an EV production powerhouse

Speaking at the AMS Automotive Evolution Europe event, Matthias Zentgraf, President for Europe at CATL, explained that the company has already built a plant in Germany which is nearing completion. However, the company’s first gigafactory will be constructed in Debrecen, Hungary, as the company hopes to take advantage of the relatively low operating costs and strategic location. It will reportedly have an annual output of 100 GWh and is costing around US$7.5 billion.

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