Overview of Hungary’s LiFePO₄ Lithium Battery Industry In recent years, Hungary has rapidly emerged as a strategic hub for lithium battery manufacturing in Europe. With a focus on green mobility and industrial electrification, Hungary is investing heavily in LiFePO₄ (Lithium Iron Phosphate) battery production to support electric vehicles (EVs), forklifts, aerial work platforms (AWPs), and energy storage systems. The Hungarian government’s commitment to clean energy and its active role in attracting foreign direct investments (FDI) have fostered a favorable environment for battery innovation. Several global battery giants have already established large-scale production bases in Hungary, fueling the local supply chain and creating opportunities for regional integration and product localization. The country's advanced infrastructure, skilled workforce, and strategic location make it a competitive player in the European lithium battery market. China-Hungary Trade Re...