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Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":753,"relatedVideos":754},166201115893665,"8680dd72-8d8e-4eb8-96a5-4f10271f666e","What Hungary’s election outcome means for its battery industry","what-hungary-s-election-outcome-means-for-its-battery-industry","article/what-hungary-s-election-outcome-means-for-its-battery-industry",{"_uid":547,"date":548,"tags":549,"editor":571,"content":581,"excerpt":720,"featured":51,"reporter":721,"component":732,"seo_title":543,"categories":733,"visibility":740,"data_vis_image":741,"featured_image":746,"seo_description":750,"formattedDate":751,"formattedArticleDate":752},"57561e26-b1ff-46fb-b0c6-50a0ce56450d","2026-04-15 00:00",[550,553,556,559,562,565,568],{"slug":551,"name":552},"hungary","Hungary",{"slug":554,"name":555},"europe","Europe",{"slug":557,"name":558},"data-visualisation","Data Visualisation",{"slug":560,"name":561},"samsung-sdi","Samsung SDI",{"slug":563,"name":564},"catl","CATL",{"slug":566,"name":567},"sk-on","SK On",{"slug":569,"name":570},"eve-energy","EVE Energy",[572],{"slug":573,"name":574,"content":575},"matthew-bird","Matthew Bird",{"job_title":576,"image":577,"bio":579,"linkedin":580},"Senior Editor - Supply Chains & Data Visualisation",{"filename":578},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. 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":582,"content":583},"doc",[584,613,621,643,654,662,674,682,704,712],{"type":585,"attrs":586,"content":587},"paragraph",{"textAlign":49},[588,596,608],{"text":589,"type":590,"marks":591},"With four active battery cell manufacturing sites and two more set to begin production in 2026, Hungary is one of ","text",[592],{"type":593,"attrs":594},"textStyle",{"color":595},"#000000",{"text":597,"type":590,"marks":598},"Europe’s success stories",[599,606],{"type":600,"attrs":601},"link",{"href":602,"uuid":603,"anchor":49,"target":604,"linktype":605},"/article/europe-policy-and-defence-key-quotes-from-giga-europe-2026","c7988c65-254d-49b5-b9b1-bab4bf5071b7","_self","story",{"type":593,"attrs":607},{"color":595},{"text":609,"type":590,"marks":610}," when it comes to battery localisation. Anticipated to host 127GWh of active capacity by the end of 2026, from four Tier 1 producers, the country accounts for 28% of the region's forecasted total capacity this year and 34% of production. Only Poland is expected to produce more cells, due to the 126GWh LGES NCM and LFP factory in Wroclaw.",[611],{"type":593,"attrs":612},{"color":595},{"type":585,"attrs":614,"content":615},{"textAlign":49},[616],{"text":617,"type":590,"marks":618},"The 2026 Hungarian parliamentary election saw the country’s established battery industry become a contested issue between the incumbent Orbán-led Fidesz Party and the newly elected Tisza Party led by Péter Magyar. Magyar won the April 12, 2026, election in a landslide, with Tisza winning a two-thirds supermajority, giving Magyar a strong mandate to enact reforms.",[619],{"type":593,"attrs":620},{"color":595},{"type":585,"attrs":622,"content":623},{"textAlign":49},[624,629,638],{"text":625,"type":590,"marks":626},"With the first commercial production at Samsung SDI in Göd in 2017, Hungary soon attracted further investment from another major South Korean company, SK On. The Orbán government granted close to EUR 300m ($354m) of state aid in 2021 for the construction of two SK On NCM cell factories. Growing international recognition of the administration’s welcoming stance toward foreign battery investment saw ",[627],{"type":593,"attrs":628},{"color":595},{"text":630,"type":590,"marks":631},"Chinese battery giant CATL",[632,636],{"type":600,"attrs":633},{"href":634,"uuid":635,"anchor":49,"target":604,"linktype":605},"/article/catl-raises-4-6bn-in-hong-kong-listing-to-power-global-expansions","316c4035-3b6e-42c4-9994-2e47058a7558",{"type":593,"attrs":637},{"color":595},{"text":639,"type":590,"marks":640}," announce a EUR 7.3bn ($7.4bn) 100GWh cell plant in Debrecen in late 2022. Promises of EUR 800m in grants, tax breaks, and infrastructural support followed.",[641],{"type":593,"attrs":642},{"color":595},{"type":644,"attrs":645},"blok",{"id":646,"body":647},"70ab0294-fbe0-47ea-87b2-a4b1695b2128",[648],{"id":649,"_uid":650,"type":651,"component":652,"fixed_height":653,"use_fixed_height":50,"fixed_height_mobile":653,"fixed_height_tablet":653},"28537876","i-427f9afe-dae5-48d4-acfa-44acd3f1e755","visualisation","ContentFlourish","",{"type":585,"attrs":655,"content":656},{"textAlign":49},[657],{"text":658,"type":590,"marks":659},"Many other South Korean and Chinese projects continued to receive state support across the supply chain. For example, Chinese battery manufacturers BYD and Sunwoda both received support to establish battery pack plants in 2025.",[660],{"type":593,"attrs":661},{"color":595},{"type":663,"attrs":664,"content":666},"heading",{"level":665,"textAlign":49},2,[667],{"text":668,"type":590,"marks":669},"Magyar promises tighter control over cell producers",[670,672],{"type":593,"attrs":671},{"color":595},{"type":673},"bold",{"type":585,"attrs":675,"content":676},{"textAlign":49},[677],{"text":678,"type":590,"marks":679},"The industry's growth came with significant challenges and local opposition, particularly over environmental and social issues.",[680],{"type":593,"attrs":681},{"color":595},{"type":585,"attrs":683,"content":684},{"textAlign":49},[685,690,699],{"text":686,"type":590,"marks":687},"Samsung SDI’s factory saw continual fines issued for health and environmental-related safety breaches often related to NMP solvents, whilst continuing to receive state support and reportedly failing to address the causes. ",[688],{"type":593,"attrs":689},{"color":595},{"text":691,"type":590,"marks":692},"CATL’s huge 100GWh plant",[693,697],{"type":600,"attrs":694},{"href":695,"uuid":696,"anchor":49,"target":604,"linktype":605},"/article/catl-revises-2026-production-guidance-up-30-to-1300gwh","2f17b8af-9b62-4fe3-9976-0ad77118a642",{"type":593,"attrs":698},{"color":595},{"text":700,"type":590,"marks":701}," faced an initial wave of opposition over expected water consumption, and more recently, due to its planned reliance on foreign workers, exacerbated by an incident in which it laid off over 100 Hungarian workers in favour of Chinese professionals.",[702],{"type":593,"attrs":703},{"color":595},{"type":585,"attrs":705,"content":706},{"textAlign":49},[707],{"text":708,"type":590,"marks":709},"Magyar promised in the lead-up to the election to curtail abuses in the battery industry, hold responsible those who had contributed to social and environmental scandals, and to develop a \"comprehensive battery industry strategy.\" Magyar promised to stop prioritising investment from Asia and to \"reduce support for assembly plants and environmentally harmful technologies. He specifically referenced Samsung SDI, arguing that the Göd factory perfectly illustrates “the essence of the Orbán system”, where corruption and subservience to foreign corporations override public safety.",[710],{"type":593,"attrs":711},{"color":595},{"type":585,"attrs":713,"content":714},{"textAlign":49},[715],{"text":716,"type":590,"marks":717},"Whilst it remains to be seen, the new administration may begin to enact tighter controls on the country’s battery players, potentially raising labour costs and lengthening development times for new projects. Hungary has however, already sunk a large volume of investments into the new energy supply chain, and the country’s wider economic situation may not allow for the curtailment of a dominant industry.",[718],{"type":593,"attrs":719},{"color":595},"With four active battery cell manufacturing sites and two more set to begin production in 2026, Hungary is one of Europe’s success stories when it comes to battery localisation. Anticipated to host 127GWh of active capacity by the end of 2026, from four Tier 1 producers, the country accounts for 28% of the region's forecasted total capacity this year and 34% of production. Only Poland is expected to produce more cells, due to the 126GWh LGES NCM and LFP factory in Wroclaw.\nThe 2026 Hungarian parliamentary election saw the country’s established battery industry become a contested issue between the incumbent Orbán-led Fidesz Party and the newly elected Tisza Party led by Péter Magyar. Magyar won the April 12, 2026, election in a landslide, with Tisza winning a two-thirds supermajority, giving Magyar a strong mandate to enact reforms.",[722],{"slug":723,"name":724,"content":725},"evan-hartley","Evan Hartley",{"job_title":726,"image":727,"bio":729,"linkedin":730,"markets_covered":731},"Research Manager",{"filename":728},"https://a.storyblok.com/f/287943243085208/800x800/670548875a/evan-h.jpeg","Evan is a Research Manager at Benchmark Mineral Intelligence, focusing on supply, demand, and cost analysis for global battery cell manufacturing, with previous experiences within the cathode and precusor cathode markets. He has over three years of experience in the sector, and holds a BSc. in Physical Geography from Durham University.","https://www.linkedin.com/in/evan-hartley/","Battery","article",[734,737],{"slug":735,"name":736},"batteries","Batteries",{"slug":738,"name":739},"gigafactories","Battery & Gigafactory","private",{"id":742,"alt":653,"name":653,"focus":653,"title":653,"source":653,"filename":743,"copyright":653,"fieldtype":744,"meta_data":745,"is_external_url":50},166202341412585,"https://a.storyblok.com/f/287943243085208/1588x1346/de82a9a2b6/hungary-gigafactories-2x.png","asset",{},{"id":747,"alt":653,"name":653,"focus":653,"title":653,"source":653,"filename":748,"copyright":653,"fieldtype":744,"meta_data":749,"is_external_url":50},166202056412842,"https://a.storyblok.com/f/287943243085208/6000x4000/9b28744e17/hungary-flags.jpg",{},"With four active battery cell manufacturing sites and two more set to begin production in 2026, Hungary is one of Europe’s success stories when it comes to battery localisation. Anticipated to host 127GWh of active capacity by the end of 2026...","Apr 15, 2026","15th April 2026",[],[],1780500911241]