CATL secures its first European syndicated loan, which will be used for the construction and purchase of a power battery production facility in Hungary.

On June 12th, according to HSBC, HSBC recently assisted EVE Energy in arranging its first syndicated loan in Europe, providing support for its Hungarian subsidiary's 185 million long-term loan for the construction and procurement of a power battery production facility in Hungary. The syndicated loan will be used to build a new large cylindrical lithium-ion battery cell manufacturing plant in Hungary, with an estimated annual production capacity of 30 gigawatt hours. The factory will be EVE Energy's first production base in Europe.