Dongwha Electrolyte, an affiliate of Dongwha Corporation, has finished building its lithium-ion battery electrolyte production plant near Budapest, Hungary.
The Korean firm invested 50 billion won ($40 million) into the facility, which will have an annual output of 20,000 tons of electrolyte materials, reported news outlet Korea Times.
The Hungarian facility was completed last November, and a trial run was completed in February this year.
The plant’s footprint is 37,000 square meters, with an additional 85,000 square meters of land set aside for possible expansion.
Before the European plant was commissioned, Dongwha Electrolyte had a total annual production capacity of 33,000 tons at its facilities in Korea, China and Malaysia.
