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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.
the colorants and functional materials division of Japan’s Toyo Ink Group, will supply the North American and European operations of SK Innovation, a South Korean lithium-ion (li-ion) battery manufacturer, with Toyocolor’s Lioaccum series of conductive carbon nanotube (CNT) dispersions. Toyocolor Co.,
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. The Toray Group will continue to develop, manufacture, and supply battery separator film and coating in Japan and Korea.
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.
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. This new facility seeks to amplify the growth of LG Magna e-Powertrain in the Europe-an market.
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. The green-field project in Hungary will be a giant leap in CATL’s global expansion.
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.
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. Toyo Ink SC Holdings Co.,
BYD has begun delivery of Europe’s largest single order for electric buses to Keolis Nederland BV, the Dutch subsidiary of global public transport provider, Keolis. Despite restrictions brought about by the coronavirus pandemic, the BYD eBus fleet has been delivered on time and according to pre-pandemic production schedules.
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.
SK Innovation said the spin-off will be a turning point for securing global competitiveness in the battery business. The battery business aims to grow into a global top player based on its battery order backlogs of “1 Terawatt + ?.” ( Earlier post.). Earlier post.).
The BMW Group is speeding up the shift towards electromobility and strengthening its global network for production of electrified vehicles. 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.
Samsung SDI (Hungary): 20 GWh. SK Innovation (Hungary): 7.5 Overall, Benchmark is forecasting Europe to have a capacity of 789.2GWh by 2030, a little over 14% of the global total of 5,454GWh. Northvolt (Sweden): 16 GWh. Envision AESC (UK): 1.9GWh. LGES(Poland): 67 GWh. ACC (Total/Stellantis) (Germany, France, Italy): 64 GWh.
Automotive manufacturing of the future requires a new, holistic way of thinking. The strategic vision of the global production network is the BMW iFACTORY. The strategic vision of the global production network is the BMW iFACTORY. with an integrative, global approach. —Milan Nedeljkovi?, —Milan Nedeljkovi?.
In the future, Schaeffler will supply beam axles to automobile manufacturers, particularly in North America. For the electrification of medium-duty pick-up trucks, particularly for the North American market, Schaeffler is developing and will manufacture an electric beam axle.
Eaton is continuing to expand and evolve its European eMobility business design capabilities, technologies and operations to support global electrified vehicle manufacturers. These upgrades will support Eaton’s efforts in delivering electric vehicle solutions to passenger car, commercial vehicle and off-highway OEMs globally.
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.
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. In Mexico, we are investing 800 million euros in our plant and creating around 1,000 new jobs.
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. The post CATL to build €7B battery plant in Hungary, its second in Europe appeared first on TESLARATI.
The thinner the foil is, the more active material can be loaded into the electrode, which reduces battery weight, increases battery capacity, and minimizes manufacturing costs and environmental impact. From January to May 2021, more than a dozen new projects and expansions have been reported globally, Roskill said.
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.
BYD is not just another car manufacturer. Notably, BYD owns the vertical supply chain for seamless integration and manufacturing control, including the production of semiconductors. Global leader in new energy vehicles. Globally, BYD has committed to more than 2.6 BYD achieved listing on Fortune Global 500 in 2021.
liter diesel and its engine control unit have been entirely developed in-house by a global team of engineers in Turin, Rüsselsheim and the US. CDTI ECOTEC will be manufactured at the same “flex plant” as the new 1.6-liter liter gasoline engine, in Szentgotthard in Hungary. Beginning in spring, the 1.6
REVA is the brand of the Reva Electric Car Company, a Bangalore, India-based company formed as a joint venture between Maini Group of India and AEV LLC of California and backed by US investors Global Environment Fund and Draper Fisher Jurvetson.
Global lithium ion production capacity could reach over 6,000 GWh (6 TWh) by the end of the decade based on current plans, as companies accelerate gigafactory construction in Europe and the US, according to Benchmark Mineral Intelligence. LG Energy Solutions said it would invest KRW 1.7 trillion (US$1.4
Zoltek is a large two carbon fiber manufacturer; large tow carbon fiber is carbon fiber with 40,000 or more filaments applied for applications such as wind turbine blades and reinforced plastics compounds, and is produced on modified acrylic staple fiber production lines for textiles. Toray Industries, Inc. is acquiring Zoltek Companies, Inc.
Frost & Sullivan projects that the global Li-ion battery materials market will reach $51.60 China leads the demand and supply of all of the key battery materials, accounting for more than 85% of the total global supply of cathode materials, anode materials, electrolytes, and separators. billion by 2027 from $18.75
The smart plant in Hambach will become a part of our global compact car production network with the lead plant Rastatt, Germany. billion) in the expansion of its electric fleet and around €1 billion in a global battery-production network within the worldwide production network.
In 2022, Mercedes-Benz’ global portfolio will include eight all-electric Mercedes-EQ models. The global Mercedes-Benz production network is ready for the company’s electric product offensive and is integrating its Mercedes-EQ models into series production in its existing plants. Global battery production network.
The Audi Q3, currently produced in Spain, will be built in Győr (Hungary) in the future. The model rotation will benefit all the sites of its global production network, Audi Chairman Rupert Stadler said. The new model distribution will enhance our production efficiency and strengthen all of the sites involved.
We know batteries like the back of our hand, as well as how they have to be manufactured. The company is investing some €70 million (US$82 million) this year in expanding local manufacturing operations. Our assumption is that the global battery market will grow up to 25 percent each year. —Rolf Najork.
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. The global Mercedes Benz production network is sustainable, digital and flexible.
Mercedes-Benz announced that its Rastatt plant—the company’s lead plant in global production of compact cars—will produce compact-class electric EQ models in the future. The A-Class, B-Class and the compact SUV GLA are manufactured at the location. Ten billion euros (US$11.2
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. These batteries are manufactured at the Daimler plants in Kamenz (Germany) and Jawor (Poland). The EQB in the global production network.
There, d elegations from Azerbaijan, Georgia, Hungary, and Romania finalized an ambitious plan: to generate up to 6 gigawatts of clean energy in the Caucasus region, run the electricity through a cable along the bottom of the Black Sea, and deliver it to Europe. A potential second phase would expand the undersea line to between 4 and 6 GW.
—Felipe Munoz, global analyst at JATO Dynamics. So far this year, electrified vehicles have been the only lifeline for manufacturers operating in Europe. Their global sales totaled 18.85 All of these factors are having a detrimental impact on consumer confidence. This is also pre-COVID-19. —Felipe Munoz.
The global automotive industry is currently facing great challenges, such as CO 2 emissions and safety issues. The development and manufacture of environmentally-friendly, energy-efficient, and safe vehicles (EESVs) is a great solution to these challenges. The partnership now includes more than 140 organisations from 23 countries.
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.
liters) featuring a modular architecture that broadens its adaptability to global markets and reduces manufacturing complexity while offering customers efficiency, refinement and durability. with design and validation shared among the global network of engineering centers. Primary development of the 1.0L By 2017, more than 2.5
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.
Ford’s announcement comes as China’s leading EV maker, BYD, is quickly catching up in global deliveries. Electrek’s Take Ford’s restructuring in Europe comes as EV leaders, like China’s BYD, continue gaining ground in the global auto market. Despite the restructuring, Ford still wants to be a player in Europe.
Chinas Global Dominance in the Electric Vehicle Industry China has emerged as a powerhouse in the electric vehicle (EV) industry, playing a dominant role in global EV production, sales, and technological advancements. Major battery manufacturers, such as CATL (Contemporary Amperex Technology Co.
The worlds largest electric vehicle maker is becoming a force in the global auto market. The new facility in Indonesia will be able to produce 150,000 vehicles a year as BYD expands its overseas manufacturing footprint. Tesla topped BYD by about 25,000 units last year for the global EV sales crown. After selling a record over 4.27
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. Ford is well aware of BYD’s rise in the global auto ranks.
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