EC approves Eur89.6 mil Hungarian investment aid to Samsung SDI’s gigafactory

The European Commission has approved Eur89.6 million ($95.1 million) in state aid to support the expansion of battery maker Samsung SDI’s electric vehicle battery cell production facility in Göd, Hungary, the EC said Feb. 28. The Commission said it had found the measure to be in line with EU state aid rules and the funds would contribute to the development…

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