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Nio to open first overseas facility in Hungary

Electric Cars Report

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.

Hungary 105
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Are Chinese electric buses exempt from European EV tariffs? – Charged EVs

Baua Electric

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.

Chinese 52
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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. China’s “spare production capacity of 3 million EVs per year is twice the size of the EU market,” Reuters reports. In the long term, that is very dangerous.

Chinese 52
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Audi opens new R&D center in Beijing

Green Car Congress

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.

Audi 368
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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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The rollercoaster ride of the Romanian new-car market

Baua Electric

13 November 2024 Read next Autumn Budget implications for UK LCV market 12 November 2024 Read next On song BYD dominates record-breaking Chinese EV market in September 11 November 2024 Read next Mixed results for major European new-car markets in October 08 November 2024 Will the Romanian new-car market’s rollercoaster ride continue?

Market 52
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BYD Buys Car Distributor in Germany, fueling Push in Europe

Teslarati

Hedin is a Swedish company that distributes other Chinese car brands across Germany, including BYD and XPeng. 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.

BYD 123