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Schaeffler opens new dedicated e-mobility plant in Hungary; expects €2-3B in annual e-mobility orders from 2022 on

Green Car Congress

Automotive and industrial supplier Schaeffler has opened a new production facility at its Szombathely location in the west of Hungary. Construction work on Szombathely II, the Schaeffler Group’s second plant in western Hungary, started in 2020. million between 2026 and 2029.

Hungary 221
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Here’s what to know about Europe’s new vote on Chinese tariffs

Baua Electric

It’s official: The European Union is moving ahead with increased tariffs on Chinese-made EVs to as much as 45.3% – in an effort to save its auto industry from total demise. Subsidized solar panels have also wiped out European solar producers , and European governments are hoping the auto industry can avoid the same fate.

Chinese 52
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China has found a workaround for strict tariffs: heaps of hybrids

Baua Electric

on Chinese EVs are designed to protect its struggling auto industry from Chinese competition, with Chinese automakers flooding the bloc with cheap imports. BYD is also considering manufacturing both EVs and hybrids at its new plant in Hungary. FTC: We use income earning auto affiliate links. Get started here.

China 52
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2020 Top 10 Countries in the Global EV Revolution

EV Sales

In 2020 Tesla sold exactly 1000 of these for every solar-year day. France’s auto industry is probably the largest Western auto industry that goes completely under the radar in the US. Ok, if you dare read, go over the fold… I won’t give the punch line away, and there’s more than one surprise this year!

2020 52
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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

As if that were not enough, I’m hearing now that BYD is on the verge of a breakthrough in the solar power business and that the company has big plans to make rechargeable batteries at a utility scale to store energy from intermittent, renewable sources like wind and solar.

Chinese 28