Just beyond the pastoral gardens and traditional homes of an eastern Hungarian village, a gigaproject of Chinese industry is taking shape.
Bulldozers and excavators are already preparing the land for construction of a nearly 550-acre electric vehicle (EV) battery plant. The 7.3 billion euro ($7.9 billion) factory will be one of Hungary's largest-ever foreign investments, and the government hopes it will make the Central European country a global hub of lithium-ion battery manufacturing in an era where governments are increasingly seeking to limit greenhouse gas emissions by switching to electric cars.
