The World Power Battery Conference, sponsored by Sichuan Province and the Chinese Ministry of Industry and Information Technology, took place between 8 June and 11 June in Yibin, China. This is an annual gathering of people working in the battery manufacturing industry. This year’s instalment had the official theme ‘New Green Power for the Future and New Growth-driver for the World’.
Hungary, which has recently announced the construction of a Chinese CATL battery plant, was named the guest of honour at the event.
To mark the occasion, and to thank the organisers, Foreign Minister Péter Szijjártó of Hungary sent a video message to the conference, which was shared on his Facebook page. In it, he said:
‘Hungary and the People’s Republic of China are strategic partners to each other. We look at China as a country cooperation with which can bring a lot of benefits. Thirteen years ago, the Hungarian government announced its Opening to the East political strategy, which aimed at mutually beneficial cooperation with Eastern countries, part of which is encouraging Chinese investors to pick Hungary as the location of their European footprints. And this policy, this political strategy of ours became a huge success.’
In his video message, he went on to point out that Hungary has the lowest corporate tax rate in Europe, which Chinese companies like to take advantage of; so much so that companies from the East Asian country have brought the most foreign investment to the country in the last two calendar years. For these reasons,
Minister Szijjártó reiterated that Hungary is ‘a meeting point of Western and Eastern investors.’
At the event itself, Xin Guobin, Vice Minister of China’s Ministry of Industry and Information Technology, lauded the fact that in 2022, China’s loading capacity of power batteries reached a cumulative 294.6GWh, amounting to an increase of 90.7 per cent year-on-year, and to 56.9 per cent of the total global sales. At the main forum, the China National Light Industry Council and China Battery Industry Association awarded Yibin as ‘China’s Power Battery Capital’, as batterynews.com reported.
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