STATE AID: COMMISSION APPROVES €46.5 MILLION HUNGARIAN INVESTMENT AID TO TORAY'S LITHIUM-ION BATTERY SEPARATOR FILM PLANT

 The €46.5 million investment aid granted by Hungary will support Toray's €397 million investment in a   new production plant for lithium-ion battery separator films (“BSF”) in the Közép-Dunántúl (Central   Transdanubia) region of Hungary. BSF are a key component of lithium-ion batteries, used in consumer   electronics, energy storage systems and electric vehicles. They function as the separator of the two   major building blocks of a battery, preventing short circuits while allowing the movements of ions.

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