EU, Hungary sign MoU under the Battery Alliance

EU, Hungary sign MoU under the Battery Alliance

At the signing of a Memorandum of Understanding on the Hungarian National Reskilling Programme under the European Battery Academy, European Commission Vice President Maros Sefcovic said Hungary was among the EU’s battery pioneers and in record time has become a true champion.

According to Sefcovic, it now ranks among the ten leading exporters of batteries worldwide and is the number one manufacturer of battery cells in Europe. “Today’s identifying characteristics of the Memorandum of Understanding will only strengthen the position of the battery industry in Hungary but also across Europe,” Sefcovic said on November 29. “This is our third landmark identifying characteristics of its kind, following those with Spain and France – and I hope many more will follow,” he additional.

“People lie at the very heart of our change to a green economy. Investing in skills requires – and deserves – our laser beam focus. That is why the European Battery Alliance has established a European Battery Academy, set to help aim some 800,000 people needed by the industry by 2025,” the EU Commission Vice President said.

“Hungary’s commitment to succeed in this rapidly growing sector is clear. The introduction of a national battery strategy and a national battery alliance, a strong industrial base ready to include along the complete value chain, the foreign investment pouring in – this is the right blend of elements, which is already paying off,” he said.

“After having talked to industrial actors and the government, I see both the appetite and the possible to expand and accomplish already more. consequently, I encourage stronger engagement with the European Battery Alliance in addition as the European Raw Materials Alliance,” Sefcovic said.

He noted this especially important in the area of research and innovation in order to raise domestic skill, and in the field of basic raw materials and battery materials to raise their independent and sustainable supply.

“When we established the European Battery Alliance in 2017, few believed in its success. Hungary is one of the examples proving that we were right to strive for strategic autonomy in this meaningful sector. Overall, we see some 70 major industrial projects across Europe promoted by the Alliance and record-high levels of investment, amounting to 60 billion euros in 2019 alone, outpacing China and the United States,” Sefcovic said.

He noted that Europe is on track to become the second largest battery producer in the world by 2025, making enough batteries to meet the needs of the EU’s automotive sector.

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