The Chinese battery group CATL will invest 7.6 billion euros in its factory in Debrecen, Hungary, in the coming years. The plant, which was announced last summer and is not without controversy, is by far the largest investment that a Chinese company has ever undertaken in Europe. It is representative of the new way China’s companies are investing on the old continent: fewer projects overall, preferring to build new factories instead of buying up existing companies. And above all: Full speed ahead in the booming and strategically important electric car industry.
China invests less in Europe, but more strategically – Economy
