Hungarian court dismisses challenge to CATL's Debrecen battery plant, Chinese state media reports

By Reuters News

- A legal challenge to Chinese electric vehicle battery maker CATL's 300750.SZ plant in Debrecen, Hungary, has been dismissed by a local court after more than 3-1/2-years of litigation, the state-backed Securities Times reported on Friday.

The court threw out a lawsuit brought by local residents, ruling that the plaintiffs no longer had standing because the battery plant's permit documentation had since been revised. It also found no violations in the government's permitting process, the report said.

The decision removes a key legal overhang for CATL's Debrecen project, less than a month after the factory began trial production.

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk