Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Hungarian subsidiary of the Chinese battery manufacturer Eve Energy is building a new battery plant in Debrecen. The investment is expected to create over 1,000 new jobs, according to the plans. The production site will supply the BMW plant in Debrecen (also under construction) with cutting-edge cylindrical batteries. The investment is estimated at approximately €1 billion, with the Hungarian government contributing a subsidy of €35 million. Production is set to begin in 2026, but staffing has already started. According to the schedule, the number of newly hired employees will be 60 in 2024, 100 in 2025, 550 in 2026, and nearly 300 in 2027.
The company has signed a declaration of intent to cooperate with the universities of Debrecen and Wuhan. The collaboration will include, among other things, providing internships for students in chemistry, physics, and engineering
The factsheet relative to the BMW plant being built in Debrecen can be found here: BMW - 2022 - HU
Eurofound (2024), Eve Power Hungary, Business expansion in Hungary, factsheet number 201894, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201894.
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