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continues to broaden its global customer base, with a UQM PowerPhase electric motor and controller systems being used to power an all-electric mini bus built by Inter Tan-ker Ltd. in Hungary. UQM has developed and launched several additional new products over the past 12 months dedicated to the commercial vehicle market.
As part of its National Hydrogen Strategy, Hungary has been investigating the feasibility of introducing hydrogen technology to rail transportation. Alstom is a pioneer of hydrogen technology, having introduced the Coradia iLint to the German market in September 2018 ( earlier post ).
Samsung SDI has completed construction of its electric vehicle (EV) battery plant in Hungary. Through construction of the Hungary plant, Samsung SDI sets up a global electric vehicle batteries production tripod with plants in Ulsan, South Korea and Xian, China. —Samsung SDI President Jun Young-hyun.
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.
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.
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.
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.).
South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Incorporated in 2018, Global Lithium was listed on the Australian Stock Exchange last year.
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.
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.,
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.
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.
The strategic vision of the global production network is the BMW iFACTORY. with an integrative, global approach. The BMW iFACTORY is not a one-off showpiece but an approach we will implement at all our plants in the future —from our 100-year-old home plant in Munich to our forthcoming plant in Debrecen, Hungary.
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.
The European car market remained stable during 2018, as 15.6 It was the best result since 2007, when the market peaked with 16.02 Strong results in Q2, where the market was up by 4.8%, and Q3, where the market was up by 1.1%, were enough to offset the large decline posted in Q4, where the market dropped by 7.5%
Frost & Sullivan projects that the global Li-ion battery materials market will reach $51.60 The advancements in battery chemistries and technologies, upsurge in electric vehicle (EV) sales, evolving regulatory scenario, and increasing consumer preferences toward EVs are expediting market growth worldwide.
The European car market recorded its best H1 performance of the century, with 8.6 Despite uncertainty in the UK, where the market was down 6.3% on H1 2017, the growth recorded in Germany, France and Spain allowed the overall market to keep growing. —Felipe Munoz, JATO’s global analyst. of the German market.
The global demand for PAN-based carbon fibers is expected to expand at an annual growth rate of exceeding 15% as an advanced material which contributes not only to energy saving through weight reduction but also to the spread of renewable energy.
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. From January to May 2021, more than a dozen new projects and expansions have been reported globally, Roskill said.
—Julia Poliscanova, senior director for vehicles and emobility at T&E Germany, Hungary, Spain, Italy and the UK stand to lose the most if battery-makers change their plans. Europe’s global share of new investment in Li-ion battery production dropped from 41% in 2021 to a meagre 2% in 2022, according to BloombergNEF.
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 decline of the European new car market has continued throughout February. —Felipe Munoz, global analyst at JATO Dynamics. As of 29 February, JATO data has shown that the impact of COVID-19 had yet to hit the European automotive market. Their global sales totaled 18.85 This is also pre-COVID-19.
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.
SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of globalmarket 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.
Schaeffler is therefore opening up a particularly large market, especially since in the future electric axles will be used in vehicles ranging from passenger cars through to light commercial vehicles with purely electric drives and drives based on fuel cells. The company is therefore entering a new market segment for electric axle drives.
The market share of diesel vehicles fell to 39.5% compared to the same month last year, meaning SUVs accounted for 33% of the total market in February. However, the performances of these markets offset volume declines in 13 other European markets. MPVs saw market share decline by 2.1 percentage points in February.
So far in 2025, Polands used-vehicle market has seen struggles spanning both passenger cars and light-commercial vehicles (LCVs). A large supply of used models and significant discounting continues to put pressure on market values. In contrast, Polands new-car market has remained stable over the first three months of the year.
BYD is the first, and only company in the world, to provide full market new energy vehicle solutions. Global leader in new energy vehicles. BYD is the global leader in new energy vehicles (NEVs), and the third-largest auto brand in the world based on market capitalisation. Globally, BYD has committed to more than 2.6
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. The EQB in the global production network. Following the EQA 250 (combined electrical consumption: 15.7
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.
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
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. kWh/100 km) started in Vitoria, northern Spain.
In Germany the smart brand is the market leader among all-electric vehicles in the first quarter of 2018. The smart plant in Hambach will become a part of our global compact car production network with the lead plant Rastatt, Germany. In the next few years, Mercedes-Benz Cars will invest €10 billion (US$11.8
—SK On Chief Commercial Officer Min-suk Sung For EcoProBM, Canada is the second globalmarket expansion after Hungary and marks the company’s entry into North America. Through the joint venture, the Québec facility will become a key landmark for EcoProBM’s pioneering of the North American market.
The EQB will be produced for the local market in Beijing. The rest of the world will get their EQBs from Kecskemét, Hungary. The EQB will be the first pure EV made in Hungary. Mercedes-Benz’s 2021 EQB is its third all-electric launch this year, along with the EQA 250 and EQS. spec EQB won’t happen […].
The company detailed its global vehicle portfolio plans supporting these production goals as part of its Ford+ plan. Ford expects a compound annual growth rate for EVs to exceed 90% through 2026, more than double forecasted global industry growth. 150,000 F-150 Lightnings for North America.
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.
Siemens said that the electric vehicle components market is expected to grow with a compound annual growth rate of more than 20% until 2020. This joint venture also illustrates the ability of European companies to develop leading industrial partnerships to bring breakthrough technologies to the globalmarket.
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 company will decide on the basis of market demand which foreign locations will produce further EQ models within the production network.
China continues to dominate BloombergNEF’s (BNEF) global lithium-ion battery supply chain ranking, for the third time in a row, for both 2022 and its projection for 2027, due to continued support for the electric vehicle demand and raw materials investments.
A recent study from the Global EV Drivers Alliance (GEVA) has determined that less than 1% of electric vehicle drivers wish to switch back to driving a gasoline or diesel-powered car. Global EV Driver Survey 2024 Webinar Presentation by Simon Alvarez on Scribd Don’t hesitate to contact us with news tips.
As part of the study, TÜV Rheinland experts took a modified test vehicle equipped with a state-of-the-art lane keeping assistance system on the Zalazone test track in Hungary. —Rico Barth, global head of the connected and automated driving competence area at TÜV Rheinland. million on average.
Location data and technology company HERE Technologies, in conjunction with SBD Automotive, a global automotive research firm, published an interactive index that shows the developing state of electric vehicle (EV) demand and infrastructure readiness across the United States and Europe.
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.
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