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Why Ankr (ANKR) Surged 38% in 24 Hours. Is Now the Time to Buy It?

Binance Labs has announced its investing an undisclosed amount from its $500 million innovation fund to support Ankr's ongoing work to advance Web3 and cross-chain interactions. Read More...

Reuters

China’s CATL to build $7.6 billion Hungary battery plant to supply Mercedes, BMW

SHANGHAI (Reuters) -China’s CATL said on Friday it would build a 7.3 billion euro ($7.6 billion) battery plant in Hungary, Europe’s largest so far, as the world’s biggest electric vehicle battery maker gears up to meet growing demand from global automakers. CATL said that construction of the 100 GWh (gigawatt hours) plant in the eastern Hungarian city of Debrecen, its biggest overseas investment, would start this year after receiving approvals, and should last no more than 64 months. Once built, it is set to be Europe’s largest battery cell plant and CATL’s second in the region, making battery cells and modules for carmakers including Mercedes-Benz, BMW, Stellantis and Volkswagen.

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