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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. Our new facility in Szombathely is a milestone in the transformation of our company and embodies our strategic priorities of innovation, agility and efficiency. million between 2026 and 2029.

Hungary 221
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SK IE Technology to supply separators for EV batteries to Sunwoda

Green Car Congress

SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of global market share (according to SNE Research in 2022), to strengthen cooperation in supplying battery separators. This marks SKIET’s first large-scale supply of EV battery separators to a Chinese EV battery manufacturer.

Supplies 199
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Machine learning and AI save INR 1cr for Apollo Tyres daily in capex – ET Auto

Baua Electric

New Delhi: Onkar Kanwar, Chairman of Apollo Tyres , had declared at the Annual General Meeting of the company last year that Apollo had no plans of setting up greenfield manufacturing facilities in India anymore. ML and AI in tyre manufacturing? For 2024-25 too, ATL has a modest capex guidance of INR 1000 crore.

Auto 52
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SAIC’s MG to open second Europe parts centre by the summer – ET Auto

Baua Electric

The company did not disclose the how much it would invest in the centre. Chinese EV maker BYD said in December it would build its first European plant in Hungary and the Italian government is holding talks with Chery Auto about the possibility of the Chinese firm manufacturing cars in the country, two sources told Reuters this week.

Europe 52
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Audi opens new R&D center in Beijing

Green Car Congress

Both the new R&D center in Beijing and the Audi FAW NEV Company in Changchun clearly prove the progress in transforming Audi’s business in China. With both projects, we are addressing the market-defining trends in the Chinese auto market, namely: electrification, digitalization, and sustainability. —Audi CEO Markus Duesmann.

Audi 368
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BYD aims to start vehicle production at Thailand EV plant in Q3 2024

Teslarati

During its announcement, BYD highlighted that it is focused on the Thai auto market. The company’s Thailand investment is expected to bring advanced manufacturing technology, industrial development, and a significant number of jobs in the country, as noted in a CNEV Post report. million units.

Thailand 101
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EcoPro wins 5-year high-nickel NCA cathode material supply contract with Samsung SDI – Charged EVs

Baua Electric

EcoPro BM , a South Korean cathode materials company, has won a 5-year, $33.4-billion trillion KRW) contract to supply high-nickel NCA cathode material to battery manufacturer Samsung SDI. billion (43.87 The contract runs from 2024 through 2028. EcoPro’s NCA and NCM 811 cathodes are its main cathode series.