Global Trade Alert
Global Trade Alert

Hungary: EUR 209 million investment aid to SK On Hungary

Announcement

22 Mar 2022

In March 2022, the European Commission approved an investment aid measure from Hungary aimed at supporting the establishment of an electric vehicle battery cells plant in the region of Közép-Dunántúl.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

22 Mar 2022

Revocation date:

No revocation date

Announced: 22 Mar 2022
Financial grant In force
On 22 March 2022, the European Commission approved a EUR 209 million (USD 230 million) investment aid measure from Hungary. It will support the company SK On Hungary in the construction of a new plant...
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