Kunlun New Materials Establishes Lithium Battery Investment Project in Hungary

[Another Lithium Battery Enterprise Establishes Presence in Hungary!] SMM has learned that on March 7, 2025, Kunlun New Materials officially held the announcement ceremony for its investment project in Hungary at the Ministry of Foreign Affairs and Trade building on the banks of the Danube River in Budapest.

Chairman Yingjun Guo stated that the development of EVs is a global trend. Currently, although the European EV market is relatively slow due to factors such as high prices and weak infrastructure (e.g., insufficient charging piles), the convenience of smart driving and the low maintenance costs of EVs will attract more and more consumers. Moreover, the new energy industry aligns closely with the EU's environmental protection policies and carbon emission reduction goals. The development of things is often not a straight upward trajectory but progresses in waves. Overall, new energy is an industry beneficial to humanity's development. Under the positive guidance of policies, the industry is bound to embrace better development prospects.

In his speech, the Hungarian Foreign Minister mentioned that our company's project investment amounts to 40 billion forints and will create 120 new jobs locally. As a high-tech industrial project, Kunlun New Materials has chosen Szolnok, a city that has long been an important base for Hungary's chemical industry, providing strong support for the smooth operation of Kunlun New Materials' factory in the future.