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He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":567,"content":568},"doc",[569,586,591,603,608,613,618,623,628,637,646,651,656,661,666],{"type":570,"attrs":571,"content":572},"paragraph",{"textAlign":49},[573,576,584],{"text":574,"type":575},"Hungary will invest up to ten billion euros this decade in clean energy as looks to transistion away from fossil fuels and become ","text",{"text":577,"type":575,"marks":578},"a centre for electric vehicle battery production",[579],{"type":580,"attrs":581},"link",{"href":582,"uuid":49,"anchor":49,"target":49,"linktype":583},"https://source.benchmarkminerals.com/article/hungary-set-to-be-europes-leading-tier-1-battery-producer-this-decade","url",{"text":585,"type":575},", an energy official told Benchmark’s Gigafactories Europe conference in Budapest. ",{"type":570,"attrs":587,"content":588},{"textAlign":49},[589],{"text":590,"type":575},"Hungary has set a target to have net zero emissions by 2050 and wants 90% of its electricity generation to come from low-carbon sources by 2030. ",{"type":570,"attrs":592,"content":593},{"textAlign":49},[594,596,601],{"text":595,"type":575},"It is also set to ",{"text":597,"type":575,"marks":598},"become the second largest producer",[599],{"type":580,"attrs":600},{"href":582,"uuid":49,"anchor":49,"target":49,"linktype":583},{"text":602,"type":575}," of electric vehicle batteries after Germany this decade, according to Benchmark. ",{"type":570,"attrs":604,"content":605},{"textAlign":49},[606],{"text":607,"type":575},"“We will launch huge investments worth around nine to ten billion euros up to 2030 in the energy sector,” Viktor Horvath, the Deputy State Secretary for Hungary’s Ministry of Energy, told Benchmark Gigafactories Europe in Budapest. “This will be the biggest investment in Hungary in the last 50 years.”",{"type":570,"attrs":609,"content":610},{"textAlign":49},[611],{"text":612,"type":575},"Hungary is expected to produce over a third of Europe’s lithium ion batteries this year through gigafactories operated by Samsung SDI and SK Innovation.",{"type":570,"attrs":614,"content":615},{"textAlign":49},[616],{"text":617,"type":575},"This is set to increase further following a decision last year by China’s CATL to invest 7.34 billion euros ($7.9 billion) to build a gigafactory in Debrecen, in the North Great Plains region of Hungary.",{"type":570,"attrs":619,"content":620},{"textAlign":49},[621],{"text":622,"type":575},"This gigafactory will make up 48% of Hungary’s production capacity in 2030, according to Benchmark.",{"type":570,"attrs":624,"content":625},{"textAlign":49},[626],{"text":627,"type":575},"“It is now beyond dispute that Hungary has become one of the global leaders of this new automotive Europe,” István Joó, chief executive of the Hungarian Investment Promotion Agency, said at Benchmark’s Gigafactories Europe event today.",{"type":570,"attrs":629,"content":630},{"textAlign":49},[631],{"type":632,"attrs":633},"image",{"id":49,"alt":634,"src":635,"title":49,"source":49,"copyright":49,"meta_data":636},"","https://a.storyblok.com/f/287943243085208/d93743ecc6/bm-hungary-battery-capacity.jpg",{},{"type":638,"attrs":639,"content":641},"heading",{"level":640,"textAlign":49},4,[642,644],{"text":643,"type":575},"A",{"text":645,"type":575},"ttracting investment ",{"type":570,"attrs":647,"content":648},{"textAlign":49},[649],{"text":650,"type":575},"The country sits in a strong geopolitical position whereby it can both attract investment from China and the rest of Asia, whilst supplying European markets. ",{"type":570,"attrs":652,"content":653},{"textAlign":49},[654],{"text":655,"type":575},"“Many of our [clients] are in Europe. So it is clear that we needed to come here and be close to them the main European car producers,” Balázs Szilágyi, senior public affairs manager at CATL, told the conference. ",{"type":570,"attrs":657,"content":658},{"textAlign":49},[659],{"text":660,"type":575},"The country’s prime minister Viktor Orban has courted Chinese investment, even as the rest of the European Union remains more wary. ",{"type":570,"attrs":662,"content":663},{"textAlign":49},[664],{"text":665,"type":575},"This comes in part from Hungary having the lowest corporate tax rate in the bloc and a fast permitting process, according to Joó.",{"type":570,"attrs":667,"content":668},{"textAlign":49},[669],{"text":670,"type":575},"“The international markets are already talking about Hungary as a meeting point between the West and the East,” Joó said. “The ecosystem has attracted more than 14 billion euros of foreign direct investment, and these investments created 30,000 new jobs for the economy.”","Hungary will invest up to ten billion euros this decade in clean energy as looks to transistion away from fossil fuels and become a centre for electric vehicle battery production, an energy official told Benchmark’s Gigafactories Europe conference in Budapest. Hungary has set a target to have net zero emissions by 2050 and wants 90% […]",[673],{"slug":558,"name":559,"content":674},{"job_title":561,"image":675,"bio":564,"linkedin":565},{"filename":563},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"7f306685-0e3b-4074-b322-97d4847f5a3d\", \"id\": \"\"}-->","article",[679,682,685],{"slug":680,"name":681},"batteries","Batteries",{"slug":683,"name":684},"geopolitics","Geopolitics",{"slug":686,"name":687},"new-energy","New Energy","private",{"id":49,"alt":634,"name":634,"focus":634,"title":634,"source":634,"filename":690,"copyright":634,"fieldtype":691,"meta_data":692,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/d023572658/bm-img-6199.jpg","asset",{"alt":634,"title":634,"source":634,"copyright":634},"Mar 28, 2023","28th March 2023",[],[],1782229520017]