EU Commission Approves EUR89.6mn Hungarian Investment Aid To Samsung SDI’s EV

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  • 03 Mar 2023
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EU Commission Approves EUR89.6mn Hungarian Investment Aid To Samsung SDI’s EV Battery Plant

The European Commission has found Hungary's EUR89.6mn measure in favour of Samsung SDI to be in line with EU State aid rules. The investment aid will support the expansion of Samsung SDI's battery cell production facility for electric vehicle (‘EV’) in Göd. The aid will contribute to the development of the region and to job creation, whilst preserving competition.

Source: ESGNews