The agreement for the hugest Hungarian investment ever was signed by the parties in a festive setting on the 5th of September at the Kölcsey Center.
The sales contract for the future area of the future Contemporary Amperex Technology Co. Limited (CATL) was signed on the 5th of September in Debrecen. The site of Hungary’s most expensive investment will be the Southern Economic Zone of Debrecen, after the Chinese company giant will build its second European battery factory here. At the ceremony held at the Kölcsey Center, László Papp, who is convalescing from surgery, was replaced by deputy mayor Lajos Barcsa, who said in his speech that
both the volume of investment and the number of new jobs set a record not only in Debrecen but in the whole of Hungary since such a large amount of funds has never arrived in our country as a green field investment. The modern Debrecen set out on a path of continuous development from 1998. Developments were made that play a significant role in the city’s population retention force. They set the goal of providing jobs for graduates of secondary schools and the University of Debrecen in 2014. They were able to use most of the government’s support for economic development, for instance, they started to develop the Southern Economic Zone. They were able to create more than 3,000 jobs there even before the announcement.
He emphasized that with this investment, Debrecen has reached another milestone, therefore it will become the center of electromobility.
This agreement required a lot of effort from both sides. The first contact was already made in 2017. After today’s announcement, we will not rest, but will give CATL all the help we can to ensure that the planned investment is implemented in our city in time, in accordance with the original plans, since the best part of the work is just beginning,
the deputy mayor explained.
The Minister of Foreign Affairs and Trade, Péter Szijjártó, was also present at the event, who emphasized in his speech that
history was made in Debrecen, because the hugest investment in the history of Hungary is taking place in the city.
He added that the announcement of such a project and the signing of the contract is a particularly big deal due to the events of the past 2.5 years, as during the pandemic, investments worldwide have decreased by almost 42 percent, which is further worsened by the war and the economic situation.
A revolution is taking place in the automotive industry that points in the direction of electromobility, because of which the place of the traditional drivetrain is increasingly being replaced by electric propulsion. The other process that led to this event is the increasingly radical headway of Eastern companies in Europe and in the world economy. We recognized both processes and reacted correctly to both processes. The performance of the Hungarian automotive industry has increased to 2.5 times since 2010, and last year it reached HUF 9,500 billion and looking at the growth rate of the industry, we have good hope that this year, for the first time ever, this sector will provide a performance of HUF 10,000 billion,
said the minister.
Finally, he praised the Hungarian – Chinese relations, referring to the fact that last year it set a record, with an 11 percent increase, the volume of bilateral trade rose above 12 billion dollars for the first time, and the rate of expansion was also 7 percent in the first half of this year.
You can watch the video of the signing ceremony in its entirety here:
https://www.facebook.com/watch/?ref=external&v=450122543823185
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