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SK Innovation to spin off battery business and E&P business

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SK Innovation has decided to spin off its battery production and exploration & production (E&P) business as independent companies. SK Innovation’s EV battery plant located in Seosan, South Korea. The SK Battery Co., The SK E&P Co., Earlier post.).

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BMW Group to invest more than €2B in Hungarian plant Debrecen by 2025; new high-voltage battery assembly

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The BMW Group is building a high-voltage battery assembly for the vehicles of the NEUE KLASSE at its site in Hungary. The battery assembly will be located on the site of the Debrecen vehicle plant, which started construction about six months ago. All batteries for the vehicles from Plant Debrecen will be assembled on site.

BMW 417
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BMW Group announces local production of NEUE KLASSE in China from 2026, new gen 6 battery plant

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The high-voltage batteries required for this will likewise be manufactured locally. The virtual ground-breaking for a new assembly site for high-voltage batteries also took place as part of the anniversary celebrations. Rendering of the future high-voltage battery assembly in Shenyang. BBA is investing RMB 10 billion (US$1.4

BMW 457
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Mercedes-Benz expands battery supply partnership with CATL and new €7.34B battery plant in Hungary

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Mercedes-Benz is taking another step to scale up development and production of next-generation high-performance battery cells and modules by expanding its battery supply relationship with CATL through CATL’s newly announced battery plant in Debrecen, Hungary. Robin Zeng, founder and Chairman of CATL.

Hungary 195
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Paks, Hungary orders 10 electric Solaris buses

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The city of Paks, located in the central part of Hungary, has ordered 10 zero-emission electric buses from Solaris: six Solaris Urbino 12 electric vehicles and four 8.9-meter LE electric will be delivered to Hungary within 11 months of signing the contract. meter electric buses with five stationary chargers. The Urbino 8.9

Hungary 243
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BMW Group investing €800M in Plant San Luis Potosí in Mexico for NEUE KLASSE and battery assembly

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The BMW Group is investing €800 million in Plant San Luis Potosí in Mexico for integration of fully-electric models of NEUE KLASSE and construction of local high-voltage battery assembly. More than 500 additional employees will work there, producing next-generation batteries for fully-electric vehicles. Earlier post.)

Mexico 418
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Toray, LG Chem to establish battery separator film joint venture in Hungary

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Toray Industries and LG Chem have agreed to form a battery separator film joint venture in Hungary. LG Chem will invest US$375 million (around ¥43 billion) in Toray Industries Hungary Kft. LTHS will license from LG Chem and Toray the technologies necessary to produce separators for LG Group lithium-ion batteries.

Hungary 186