Global Trade Alert
Global Trade Alert

Hungary: EUR 89.6 million Hungarian investment aid to Samsung SDI's electric vehicle battery plant

Announcement

28 Feb 2023

In February 2023, the European Commission found that the Hungarian investment aid of EUR 89.6 million (USD 95 million) is in line with EU State aid rules. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

28 Feb 2023

Revocation date:

No revocation date

Updated: 28 Feb 2023
State aid, unspecified In force

On 28 February 2023, the European Commission approved the Hungarian state aid measure to Samsung SDI. The investment aid was maximized by the Commission at EUR 89.6 million (USD 95 million). The st...

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