# Ningbo Zhenyu Technology to build $65.9M battery parts factory in Hungary

Ningbo Zhenyu Technology will invest $65.9 million to construct a new factory in Debrecen, Hungary, to manufacture precision structural parts for electric car batteries. The site is expected to be operational by the end of 2027.

- Type: New facility
- Announced: 2023-07-28
- Where: Debrecen, Hungary, Hungary
- Value: $65.9M
- Starts operating: 2027
- Status: announced
- Products: precision structural parts for electric car batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Ningbo Zhenyu Technology](https://endata.com/companies/71698.md)

## Sources

- [investmentmonitor.ai](https://www.investmentmonitor.ai/news/chinas-ningbo-zhenyu-technology-to-open-battery-parts-factory-in-hungary/), 2023-07-28: "Ningbo Zhenyu Technology, a China-based manufacturer of progressive lamination dyes and high-precision machining equipment, has announced that it plans to invest $65.9m to construct a new factory in Debrecen."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.