The European Commission (EC) has approved a EUR-264-million (USD 307.8m) Hungarian state aid scheme to support Chinese electric vehicle (EV) battery maker Sunwoda Electronic Co Ltd (<a href="https://www.szse.cn/English/siteMarketData/siteMarketDatas/lookup/index.html?code=300207" target="_blank">SHE:300207</a>) in building a battery plant in Nyiregyhaza, northeast Hungary.