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LG Magna e-Powertrain expands footprint with new facility in Hungary; 4th plant worldwide

Green Car Congress

LG Magna e-Powertrain, the Joint Venture (JV) between LG Electronics (LG) and Magna (Magna) formed in 2021 ( earlier post ), announced at IAA Mobility 2023 that it is expanding its footprint with a new facility in Miskolc, Hungary. The company has also received strong support from both the Hungarian government and local authorities.

Hungary 195
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Toray, LG Chem to establish battery separator film joint venture in Hungary

Green Car Congress

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), in which Toray and LG Chem each will hold a 50% interest.

Hungary 186
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SK Innovation to build a third European battery plant in Hungary; $2.29B by 2028, 30 GWh

Green Car Congress

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.

Hungary 186
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Alstom and MOL to explore use of hydrogen technologies for rail transport in Hungary

Green Car Congress

Alstom and MOL, Hungary’s leading oil and gas company, have signed a Memorandum of Understanding to structure cooperation in examining the use of hydrogen technology in rail transportation. As part of its National Hydrogen Strategy, Hungary has been investigating the feasibility of introducing hydrogen technology to rail transportation.

Hungary 334
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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. The goal is sustainable mobility, and we are determined to make real progress in that direction as a key technology partner for our customers by leveraging our global network of production facilities.

Hungary 221
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Samsung SDI building Li-ion battery plant in Hungary; global triangular production structure

Green Car Congress

Samsung SDI has decided to use Hungary as its Li-ion battery production base in Europe. The new facility in Hungary will enable Samsung SDI to establish a global triangular production structure along with existing plants in Ulsan, Korea and Xian, China. “In —Executive Vice President Jeong SehWoong.

Hungary 150
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CATL to build €7B battery plant in Hungary, its second in Europe

Teslarati

billion to build a 100 GWh battery plant in Hungary. The Debrecen, Hungary battery plant would join CATL’s Munich, Germany facility as the second for the company in Europe. We’re proud to see our Ambition 2039 supported by CATL’s commitment to CO2 neutral production in Hungary.”

Hungary 98