Japanese GS Yuasa has started the construction of its Hungarian factory.The lithium-ion battery manufacturer builds its first plant on the European continent in Miskolc. The Japanese company will invest EUR 29 million and create 51 new jobs, helping to support the progress of the Hungarian vehicle industry.
The company has more than 15,000 employees at 37 sites across 17 countries. The company was looking for a location for a new European plant in connection with the conversion to the new technology. Miskolc was chosen because of the existence of the workforce, its developed infrastructure, accessibility to the capital city, and availability of renewable energy sources.
The production of 12V lithium-ion batteries is expected to begin in 2020.