This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
SK Innovation will initially invest US$1.148 billion in SK Battery Hungary (SKBH) to build its third European factory in Iváncsa, Hungary, with a production capacity of 30 GWh per year. SK’s first and second European plants are also located in Hungary (Komárom); the expected third plant will be the largest.
Automotive and industrial supplier Schaeffler has opened a new production facility at its Szombathely location in the west of Hungary. Designed as a “factory for tomorrow,” it features a high degree of automation, modular production buildings, and end-to-end digitalization. Image: Schaeffler.
Vertical Aerospace is a key collaboration for Rolls-Royce Electrical as it marks its first commercial deal in the UAM market and builds on previous agreements to work with partners on demonstrator programmes.
The move to the new Audi China Building, opening nearly 10 years after its predecessor, is also a significant milestone in Audi’s more than three-decade long history in China. The new Audi China Building supports Audi’s efforts to establish additional research and production capacities in the country. —Audi CEO Markus Duesmann.
GS Yuasa Corporation will establish a manufacturing subsidiary company, GS Yuasa Hungary Ltd. in Hungary and build a new plant for lithium-ion batteries. These batteries will be used for SLI (Starting, Lighting, and Ignition) applications which are expected to be expanded in the European market.
the Japan-based parent company of the specialty chemicals manufacturer Toyo Ink Group, announced the official opening of a new wholly-owned manufacturing subsidiary, Toyo Ink Hungary LLC, in Ujhartyan in Pest County, Hungary. The production facility is operating in a 5,964 m 2 building on 44,806 m 2 of land.
Northern Lights Energy ( NLE ), the initiator of the 2012 charging infrastructure project and provider of infrastructure and services for electric vehicles (EV) based in Iceland, has signed an agreement with Reva Electric Car Company to jointly develop the electric vehicle market in Iceland.
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. The BMW iFACTORY is also about ensuring short distances for logistics.
This expansion follows NIO’s entry into the Norwegian market last year. The company also said that it plans to build 20 Power Swap Stations (PSS) in Europe this year. By 2025, NIO aims to build 1,000 PSS outside of China, most of which will be in Europe. In 2023, this number is expected to reach 120.
r (Hungary); Bratislava (Slovakia); Changchun (China); Aurangabad (India); Martorell (Spain); and Jakarta (Indonesia). Audi said that the SUVs will primarily strengthen its position in the North American market. Starting in mid-2016, the plant will produce the successor generation of the successful Audi Q5 SUV.
Following the market launch in 2025, models of the next vehicle generation will also be produced from 2026 onwards by BBA in Shenyang. The blue highlighted structures are the new project buildings. The high-voltage batteries required for this will likewise be manufactured locally. BBA is investing RMB 10 billion (US$1.4
The first cars of the NEUE KLASSE will come off the production line at our plant in Debrecen, Hungary, starting in 2025, followed by the main plant in Munich. By 2030, the BMW Group aims to build at least six fully-electric models in the US. In Mexico, we are investing 800 million euros in our plant and creating around 1,000 new jobs.
billion (US$886 million) to build a cathode manufacturing facility that will provide materials that ultimately supply batteries for Ford’s future electric vehicles. —SK On Chief Commercial Officer Min-suk Sung For EcoProBM, Canada is the second global market expansion after Hungary and marks the company’s entry into North America.
The first half of 2021 has seen a tidal wave of announcements of new electrodeposited copper foil mill projects, as well as second- and third-phase expansions at existing mills, according to market consultancy Roskill. The majority of the projects are targeted at making copper foil for lithium-ion batteries to meet demand from EVs.
Mercedes-Benz Cars is starting construction of its first “Full-Flex Plant“ in Kecskemét, Hungary, about 90 km in the south of Budapest. With an investment of one billion euros, we are building in Hungary the first ‘Full-Flex Plant’ in the global production network of Mercedes-Benz Cars.
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. The MOU signing ceremony took place at Sunwoda Group’s headquarters in Shenzhen, China.
Market launch will be in mid-September. The new Mercedes-Benz compacts are produced in a network of the Mercedes-Benz plants in Rastatt, Germany, and Kecskemét, Hungary. It furthermore plans to build premium compact cars for the Chinese markets locally and close to the customers in the future.
The market launch in China is scheduled for this year. After Europe, the international version of the EQB, produced in Kecskemét, Hungary, will be launched at the end of the year, followed by the US market launch in 2022. Following the EQA 250 (combined electrical consumption: 15.7
Building upon their complementary scope and portfolio, the joint venture will benefit from substantial synergies in manufacturing and sourcing and create a base for sustained growth and profitability. The electric vehicle components market is expected to grow with a compound annual growth rate of more than 20% until 2020.
Purchasing Hedin Electric Mobility will likely strengthen BYD’s position in the European market. It will take over sales activities in the German market and directly manage stores in Stuttgart and Frankfurt. The Chinese automaker predicts that its overseas market will account for 50% of its total global sales in the future.
Production at the Szentgotthardt plant in Hungary will begin in late 2012. Power builds up very smoothly and quietly —director of gasoline engines, Thomas Johnen. Export initiative: Opel wants to enter new markets, including Australia, North Africa, South America and the Middle East. Compared to the predecessor 1.6-liter
The Hambach site in France features many years of experience in building fully electric cars. In Germany the smart brand is the market leader among all-electric vehicles in the first quarter of 2018. Thereby, smart will be the first automotive brand of the world, which completely changes from combustion engines to electric drives.
BBAC), launched EQC production for the local market in China. As with the EQC from Bremen and Beijing and the EQV from Vitoria, which are already on the market, the fully electric models at the Rastatt plant run on the same production line as compact vehicles with conventional and hybrid drives. The EQE thus complements the all?electric
billion) to build a 11 GWh cell plant in Arizona ( earlier post ), while Mercedes-Benz announced a battery partnership project with Envision AESC, with plans for a 30 GWh plant to be located in Kentucky ( earlier post ). LG Energy Solutions said it would invest KRW 1.7 trillion (US$1.4 LG Energy Solutions said it would invest KRW 1.7
The integration of RNG and ethanol production, unique to VERBIO, incorporates advanced operational technology to build on the company’s successful experiences in Europe. Our advanced and approved technology sets new standards in the US biofuels market. Nevada is just the beginning.
Building upon the complementary scope and portfolio of the partners, the joint venture will provide substantial synergies in manufacturing and sourcing and create a base for sustained growth and profitability. The company’s structures will be lean and adapted to global market requirements and the international competitive environment.
BYD Mexico’s country manager, Zhou Zhou, told Nikkei Asia that Mexico is a key market with potential. It opened facilities in Thailand this year and announced plans to build a production site in Hungary in the next three years. Tesla plans to build its next gigafactory in Nuevo León, Mexico.
“Polestar remains confident of a stronger second half of the year, particularly in the fourth quarter as sales of the two premium SUVs build,” the company writes in the release. Chairman Håkan Samuelsson also stepped down in June , after overseeing the brand alongside Ingenlath, both since its inception.
In more nascent markets such as many US states, it is important to use the number of registered EVs-per-charger ratio, while in more mature markets, a “power-per-EV” ratio can be more useful. As the market matures, this ratio should increase as geographic coverage becomes less critical.
The company will decide on the basis of market demand which foreign locations will produce further EQ models within the production network. In 2015, Rastatt plant management and works council reached an agreement for competitiveness and future development and agreed to produce the next Mercedes-Benz compact car generation in Rastatt.
Germany and Hungary will increase their battery manufacturing capability to match Poland, as cell and component plants come online in coming years. European countries such as Czechia, Hungary and Poland, continue to have advantages in their ability to provide cleaner and more sustainable supply chains.
Plus, SK On has installed capacity to support the scaling of Ford’s high-volume F-150 Lightning and E-Transits through late 2023—scaling NCM cell production beyond earlier-planned levels from its Atlanta facility and providing new battery cell capacity from its Hungary operation. Driving to more than 2 million EVs by late 2026.
Revealing the next BMW iX3 at its production home in Debrecen, Hungary, BMW said the purpose of the new tease is to highlight that trial production has already kicked off at its completely overhauled plant. Key the success of the Neue Klasse family of EVs will be its new tech that will see BMW switch to Tesla-stye cylindrical battery cells.
Stellantis partner Samsung SDI hinted at the possibility of building a new EV battery factory in the United States. Stellantis and SDI entered into a multi-billion-dollar joint venture (JV) in October 2021 to produce lithium-ion batteries for the North American market. depending on demand in the future. Samsung SDI Batteries.
Last week, 37 electric vehicle (EV) driver associations from 26 countries, including Plug In America, joined forces to create the Global EV Drivers’ Alliance, building a worldwide EV community. While the United States has been a leader in electric mobility in many ways, we also lag behind several countries in EV market share.
According to the Financial Times , BYD received unfair subsidies from China which were used in its electric car plant in Hungary. The subsidies from China reportedly enabled car manufacturers to make China-made EVs cheaper in the EU market, affecting Europe’s local OEMs and competition in the domestic market.
BYD predicts rapid EV growth in Germany, Europe’s largest auto market, within the next six months. Li criticized the tariffs, saying the buyers lose in the long run, but added that BYD will begin building cars in Hungary in 2025. After dominating in its home market, BYD is looking overseas to drive growth.
CATL is doubling down on its global expansion efforts as it seeks more growth in overseas markets. With CATL’s chairman now leading the efforts, the company is making overseas growth a top priority as it outgrows China’s surging EV market. share of the market. Despite incoming competition, CATL’s market share grew from 36.2%
China’s BYD will challenge automakers in Europe with plans to triple its share in the EV market by 2025. After dominating its home market, BYD is expanding its brand overseas. BYD plans to expand EV market share in Europe BYD began selling vehicles in Europe in 2021, starting in Norway. share of Europe’s EV market.
BYD only sold 4,140 cars in Germany in 2023, but is looking for 10% market share after its factory in Hungary starts production in a few years. In Norway, VW has made more critical cuts to the ID3’s price tag, to stay competitive in a market that has achieved 82% percent of sales being EVs – 20% of those sales being a Tesla in 2023.
to build a one billion dollar plant that will improve the Chinese EV maker's access to the European bloc amid rising trade tensions --> Turkey is set to unveil an agreemeent with BYD Co. Also Read : Geely plans to introduce Zeekr EV brand in Korea by early 2026 There’s also a domestic market to serve, with EVs accounting for 7.5
Ironically, the market share of Chinese electric buses in Europe is far higher than that of Chinese electric cars. The European Commission estimates that Chinese electric cars made up 8% of the market in 2023. According to IDTechEx’s research , Chinese manufacturers accounted for 28% of the European electric bus market in 2023.
After dominating its home market, BYD is taking its best-selling EVs overseas to challenge legacy automakers. share of the European EV market. Shu highlighted how Europe is a much different market than China or the US, with multiple legislations and languages to work with. In Europe, it starts at around $40,000 (37,990 euros).
20 March 2025 Read next European EV market improvement as Skoda and VW soar 19 March 2025 Read next China starts 2025 at the front of the global EV market 18 March 2025 BYD has a big week, Nvidia reveals its latest autonomous technology developments, and many model updates. However, it was not all good news last week.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content