Japanese manufacturer to build up to 500,000 batteries per year in Hungary, using Japanese cells
Japan-headquartered battery and electrical equipment manufacturer GS Yuasa is joining the ranks of Asian firms setting up shop in Hungary.
In a January 11 statement the company announced its intention to form a manufacturing subsidiary – GS Yuasa Hungary Ltd. – in Hungary, as well as the construction of a new lithium-ion battery assembly plant.
Cells will continue to be made in Japan, but packs made in Hungary will supply the European market, specifically for SLI (Starting, Lighting, and Ignition) applications.
The 140,000 square metre site in Miskolc will produce up to 500,000 batteries per year, requiring investment of around 3.5 million euros (US$4.2 million).
However, GS Yuasa also said it would consider manufacturing lithium-ion cells in this plant in future.
In addition to batteries the company manufactures power supply systems, switch gear, lighting equipment, ultraviolet systems, specialty equipment, and other electrical equipment.
GS Yuasa joins Samsung SDI, which opened an EV battery plant last year, and SK Innovation, which announced plans for a US$775 million facility capable of producing up to 7.5 GWh of batteries per year, many of which will be supplied to Mercedes.