Construction of the EcoPro BM plant in Debrecen could start this year

The company will create 631 new jobs in the city, and the Debrecen plant will be its first plant outside Korea.

On June 16, 2022, Debrecen and the South Korean company EcoPro BM signed a preliminary sale and purchase agreement under which the battery company will purchase 44 hectares of land in the Southern Economic Zone. 

The archaeological excavation of the area and preparatory work will start soon, while the construction of the cathode production plant is expected to start at the end of the year.

In December 2021, it was announced that EcoPro BM would build a plant in Debrecen for HUF 264 billion to produce cathodes for electric car batteries. This is the second-largest investment in Hungary agreed on in 2021.

The company will create 631 new jobs in the city; this will be their first plant outside Korea.

The EcoPro BM plant will produce 108,000 tons of cathode raw material annually, enough for more than 1.3 million electric car batteries.

EcoPro BM was founded in 1998 and has been a regular supplier to Samsung since 2008; it also works with Hyundai Heavy Industries. 

The demand for high-nickel cathode materials has increased many times over, especially with the rise of electric vehicles, and the company is looking to meet this demand. Cathodes are one of the four main components that go into an electric car battery and are essential for battery performance.

Show More

Related Articles

Back to top button