The Budapest office of Schoenherr has advised Doosan on its EUR 210 million investment in its copper foil production base in Tatabanya, Hungary, for the construction of another factory on the location.
Doosan is a South Korean supplier in the electric vehicle industry, and according to Schoenherr, the new investment will increase the annual capacity for copper foil for electric vehicle batteries at the factory by 150%. The factory is schedule to open sometime in 2021. The site was acquired by Doosan in 2018.
Schoenherr's team was led by Attorney Laszlo Krupl, working with Associate Adrian Menczelesz.