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CATL in Hungary secures battery cell supply for Mercedes

Battery market leader CATL is building a new factory in Debrecen, Hungary (China.Table reported). The project has an investment volume of the equivalent of €7.34 billion. Mercedes is the largest customer of this factory, but contrary to reports (for example, here or here) it is not deeper involved in the project. “We have the largest purchase volume, but are not involved financially or in any other way,” a spokeswoman for the group told Table.Media. Other media portrayed the process as if Mercedes itself was investing in the plant.

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