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The combustion engines with four, six, eight and 12 cylinders produced there will be manufactured at the company’s locations in Steyr in Austria and Hams Hall in the UK going forward. It will ramp up for the first time at our future plant in Debrecen, Hungary, before being rolled out across our global production network in stages.
Chinese premium electric vehicle manufacturer Nio has announced plans to open its first overseas facility in Budapest, Hungary, in September 2022. Located in Pest in the eastern part of the city, the new 10,000 square meters facility will manufacture power products including battery-swapping stations for the European market.
The high-voltage batteries required for this will likewise be manufactured locally. —Milan Nedeljković The BMW Group has had a presence in the Chinese market since 1994 and founded the BMW Brilliance Automotive joint venture in May 2003. Rendering of the future high-voltage battery assembly in Shenyang.
BYD, Chinese leading electric vehicle manufacturer, announced the next stage of its European strategy with the construction of a brand-new manufacturing and production centre in Szeged, Hungary.
With both projects, we are addressing the market-defining trends in the Chinese auto market, namely: electrification, digitalization, and sustainability. Audi has a history of developing specific products and technologies for the Chinese market. —Audi CEO Markus Duesmann.
Chinese battery manufacturer Contemporary Amperex Technology Co., Limited, or CATL, has announced a massive investment to build a new cell manufacturing plant in Europe. billion to build a 100 GWh battery plant in Hungary. CATL announced on Friday that it would invest €7.34 ” I’d love to hear from you!
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.
Wolfgang Bernhard, Member of the Board of Management of Daimler AG responsible for Manufacturing and Procurement Mercedes-Benz Cars & Mercedes-Benz Vans. The new Mercedes-Benz compacts are produced in a network of the Mercedes-Benz plants in Rastatt, Germany, and Kecskemét, Hungary. Market launch will be in mid-September.
Total lithium-ion capacity existing or being built has doubled since the beginning of 2021, following announcements of new plants by Chinese and South Korean battery producers, according to Benchmark’s Gigafactory Assessment. LG Energy Solutions said it would invest KRW 1.7 trillion (US$1.4
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. Ltd (BBAC), a joint venture between Daimler and its Chinese partner BAIC Group. Following the EQA 250 (combined electrical consumption: 15.7
High-efficiency battery systems will also be manufactured and assembled within the production network. Just a few months later the German-Chinese production joint venture, Beijing Benz Automotive Co. EQA production will also follow next year (2021) at BBAC in Beijing for the Chinese market.
The A-Class, B-Class and the compact SUV GLA are manufactured at the location. The production compound of the current compact car generation further includes the plant in Kecskemét, Hungary (production: B-Class, CLA, CLA Shooting Brake), the Chinese production location BBAC (Beijing-Benz Automotive Co.
million square meters, the Beijing-compact car site complements the current Mercedes-Benz’ compact model plants in Rastatt (Germany) and Kecskemet (Hungary) as well as the Valmet Automotive plant in Finland. The GLA is, after the GLK, the second SUV that is manufactured in China.
Mercedes-Benz is aligning its global production network to manufacture its reshaped product portfolio focused on luxury electric vehicles as the brand prepares to go all electric by the end of the decade—wherever market conditions allow. BBAC) has been producing Mercedes-Benz vehicles locally for the Chinese market since 2005.
Several key factors have contributed to Chinas success, including strong government support, a massive domestic market, advanced battery manufacturing, and aggressive global expansion strategies. The Chinese government has implemented a series of incentives, subsidies, and regulations aimed at promoting the adoption of electric vehicles.
MG Motors, a unit of Chinese automaker SAIC, will open a second European parts centre by the summer of 2024 in France to meet the country’s growing demand for its vehicles, a spokesperson told Reuters on Thursday. SAIC is currently evaluating whether to build a factory in Europe.
liters) featuring a modular architecture that broadens its adaptability to global markets and reduces manufacturing complexity while offering customers efficiency, refinement and durability. naturally aspirated direct-injection engines that will be offered in the 2015 next-generation Chevrolet Cruze for the Chinese market.
Chinese automaker BYD has concluded 2023 with record-breaking sales, which surpasses the 3 million annual sales target and retains its position the global new energy vehicle (NEV) sales champion, for the second year in a row. In the Chinese market, BYD retained its position as the best-selling car brand and manufacturer.
As it finalizes plans for yet another EV manufacturing plant, this time in Cambodia, BYD will set up shop next to newly opened Ford and Toyota facilities. According to Khmer Times , BYD is nearing a deal to establish a new EV manufacturing plant in Cambodia. China’s EV giant BYD is aggressively expanding overseas.
Chinese automaker Chery is planning to make cars in Spain, where the EV market is at just 12%, half that of Portugal and France. This would be Chery’s first manufacturing site in Europe.
Despite new tariffs on Chinese EV imports in the US and Europe, BYD is widening its lead in key auto markets like Southeast Asia and South America. The Chinese automaker is already a leading EV brand in these countries as it expands into new markets. It’s also planning to build factories in Hungary, Brazil, and Turkey.
The new facility in Indonesia will be able to produce 150,000 vehicles a year as BYD expands its overseas manufacturing footprint. After opening its first EV plant in Thailand last year, BYD confirmed another overseas manufacturing facility is on track to open by the end of the year. After selling a record over 4.27
South Korea’s SK On plans to start mass producing lithium iron phosphate (LFP) batteries as early as 2026 to supply several automakers as it pushes to deliver a lower cost battery chemistry favoured by its Chinese rivals, a senior executive said. Choi said SK On is considering manufacturing LFP batteries in Europe or China.
After dominating its home market, BYD and other Chinese EV makers are looking overseas to drive growth. The EV giant opened its first manufacturing plant in Thailand earlier this year, and more are planned for Hungary, Brazil, Mexico, Pakistan, and Turkey. Despite the restructuring, Ford still wants to be a player in Europe.
The company announced Friday its investment will create a significant number of jobs while bringing advanced EV manufacturing tech to the region. The automaker solidified its commitment to the region as Thailand works toward its goal of having 30% of vehicles manufactured in the country to be electric.
Last year, BYD sold 412,202 Yuan Plus EVs, with 100,020 of them exported, or 42% of its total car exports for that year, data from the China Association of Automobile Manufacturers states. That price puts the compact SUV at around the same price as ICE rivals including the Honda XR-V, the Buick Envision Plus, and the Volkswagen T-Cross.
Why hes banking on an obscure Chinese electric car company and a CEO who - no joke - drinks his own battery fluid. The E6 will hit the Chinese market later this year. The deal, which is awaiting final approval from the Chinese government, didnt get much notice at the time. EMAIL | PRINT | SHARE | RSS DIGG FACEBOOK DEL.ICIO.US
In the PPE universe, Audi bets on bigger battery modules, and fewer of them, to ease manufacturing and to cut materials use—and therefore, planet-load. Audi farms dual motors for the Q6 E-Tron in Hungary, rated at 140 kw in front and 250 kw in the rear.
The Chinese automaker aims to expand its global presence and sees Mexico as an excellent place to reach its goals. It opened facilities in Thailand this year and announced plans to build a production site in Hungary in the next three years. BYD isn’t the only electric vehicle manufacturer with its sights on Mexico.
Chinese automakers are aiming to more than double their full-process manufacturing capacity outside of China, all in hopes of beating out import tariffs on Chinese-made vehicles and meeting demand for EVs, according to a report from Bloomberg. million vehicles in 2023 to more than 2.7 million by 2026. million by 2026.
Bloomberg) Chinese auto sales slumped in June as the domestic economy remained sluggish, but buoyant exports offset the decline at home, an industry association said Wednesday. million cars, while exports rose 29 per cent to 400,000 units, the China Association of Automobile Manufacturers said in a monthly report.
The Atto-3 SUV / Source: BYD Europe It was a huge year for profits at Chinese auto behemoth BYD. Of course, the Chinese EV market is booming – but looking at the numbers, it’s pretty staggering. Chinese automakers expect to have sold some 9.4 In 2023, the company sold 1.6 million vehicles. BYD tripled its profits to $1.5
In June, the EU announced import tariffs on Chinese EVs ranging from 17.4% The rationale behind the new tariffs is that the Chinese government has unfairly subsidized its auto industry, enabling Chinese automakers to sell EVs at prices European brands can’t match. BYD has established a factory in Hungary.
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. Its first car factory for Europe, in Hungary, is under construction. REUTERS) Turkey will soon unveil an agreement with BYD Co.
We EV pundits have been writing about the rise of the Chinese EV industry for years. In recent weeks, the mainstream press has picked up on the story—many articles describe the coming wave of Chinese exports in apocalyptic terms. The company now has enough production capacity in China to manufacture four million cars per year.
While China started a little slow in the EV game, its investments into EV manufacturing have now started to bear fruit, and the country’s manufacturers have rapidly caught up and now passed western automakers, particularly on price. Chinese EVs are already quite popular in Europe, though very few sell in the US.
According to the Financial Times , BYD received unfair subsidies from China which were used in its electric car plant in Hungary. Subsidies from the Chinese government are the main reason the EU Commission decided to implement additional tariffs on exported electric vehicles made in China and sold in Europe.
Both of France’s domestic manufacturers, Renault Group and Stellantis, turned up to showcase their latest models and launch new ones. The only Chinese-majority-owned carmaker to have a prime location was Xpeng. Subject to provisional EU tariffs , the carmaker confirmed its Hungary plant would be operational by the end of 2025.
European OEM Stellantis has announced a new joint venture with the worlds largest battery manufacturer CATL, to build a large-scale lithium iron phosphate (LFP) battery plant at one of the formers existing production sites. billion euros to erect the LFP manufacturing facility at Stellantis existing production site in Zaragoza, Spain.
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. Other EV manufacturers in China, including BMW and Volkswagen, would be subject to a 20.7% It will kill these car manufacturers.” for Geely, and 35.3%
As the European Union slaps more restrictive tariffs on EVs pouring in from China, Chinese automakers have found a workaround: they’ll just make and export hybrids instead, since hybrids of all varieties are bizarrely exempt from the tariff scheme. Other EV manufacturers in China, including BMW and Volkswagen, are subject to a 20.7%
Today, BYD employes 130,000 people in 11 factories, either in China and one each in India, Hungary and Rumania. The Shenzhen manufacturing region, where the company is headquartered, is known for cheap unskilled labor, but BYD’s competitive advantage derives from its cheap skilled labor. government is going to help U.S.
China currently hosts 75% of all battery cell manufacturing capacity and 90% of anode and electrolyte production. This year, the changes in the overall rankings were mostly driven by the greater access to several key raw materials and manufacturing capacities domestically. —Ellie Gomes-Callus, metals and mining analyst at BNEF.
Domestic manufacturers, such as General Motors and Ford, could also be impacted. ACEAs director general, Sigrid de Vries, urged the US to consider the negative impact of tariffs, not only on global carmakers but on domestic manufacturing as well. BMW has begun production of its Neue Klasse in Debrecen, Hungary.
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