Korean EcoPro Secures $870 Million for Cathode Material Plant Construction in Hungary, Marking a Landmark Deal for Korean Battery Industry

Published: Jul 10, 2024 13:46
【Korean EcoPro Secures $870 Million Funding to Build Cathode Material Plant in Hungary】 Korean battery cathode producer EcoPro BM has secured 1.2 trillion Korean won (US$868 million) from the country's official export credit agency to accelerate the construction of its cathode material plant in Debrecen, Hungary. EcoPro BM said that the contract, signed by its subsidiary EcoPro BM Hungary with Korea Export-Import Bank and Korea Trade Insurance Corporation, marks the first time that a Korean cathode material company has secured overseas investment funding of over US$1 trillion from an ECA.

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