MNS threads on HC, page-2026

https://www.bloombergtv.bg/a/17-v-razvitie/131558-amerikanska-kompaniya-iska-da-proizvezhda-baterii-v-balgariya

C4V is interested in investing in Bulgaria and is currently exploring potential partnerships with local companies and investors for a potential gigafactory. According to business director Clifford Olin, we can expect an official announcement on the matter by the end of the year. This was told by Clifford Olin - Business Development Manager at C4V, in the program "In Development" with presenter Tsvetisiana Kostova.C4V, based in Binghampton, New York (the former headquarters of NBN), develops and manufactures lithium-ion batteries for electric cars, mobile devices and other vehicles, as well as for industrial use in solar and wind installations.The interest in Bulgaria was caused by the good security of our country with energy sources, as well as the price of labor, said Clifford Olin. Currently, the largest gigafactory in Europe is Tesla's, which is located in Berlin, but there are several other manufacturers of batteries for electric mobility working on the continent.C4V's potential entry into Bulgaria would bring them the advantage of lower labor costs. The electric vehicle industry in Europe and the US, and investment in it, has been able to support the development of battery manufacturing. Cheap overcapacity from China, however, has been curbed by special tariffs in the US and Europe, which impose tariffs on imports of Chinese EVs to protect domestic US and European manufacturers.Clifford Olin is in Bulgaria because of his meeting today with our head of state Rumen Radev and Lyubomir Stanislavov - CEO of "Automotive Cluster Bulgaria".Can a gigafactory for the production of batteries be built in Bulgaria? How will this affect our economy? What does the future hold for the sector?Watch the entire comment in the video.