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By Tamas Csonka in Budapest Battery manufacturing-related investments in Hungary have risen to €24bn since 2016 and state promotion agency HIPA has supported 59 projects, creating 33,000 jobs, HIPA chief Istvan Joo said at the opening of the Hungarian Battery Week conference on November 6. Asian companies have taken a dominant position in the industry. Of the 10 electric battery companies accounting for 95% of the market, six are Chinese, three are South Korean and one is Japanese, but none are European, he said. In his view, the European automotive sector needs to collaborate with Chinese com…

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