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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 ).
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 IndustriesHungary 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.
Automotive and industrial supplier Schaeffler has opened a new production facility at its Szombathely location in the west of Hungary. Construction work on Szombathely II, the Schaeffler Group’s second plant in western Hungary, started in 2020. million between 2026 and 2029.
Vertical Aerospace is a key collaboration for Rolls-Royce Electrical as it marks its first commercial deal in the UAM market and builds on previous agreements to work with partners on demonstrator programmes.
r in Hungary is engaged in decarbonization by means of three mechanisms. Audi Hungaria is the biggest user of industrial geothermal energy in Hungary. In 2019 alone, Audi Hungaria saved more than 18,000 megawatt-hours of energy and avoided CO 2 emissions amounting to almost 5,750 tonnes by means of numerous efficiency measures.
A green industrial policy focused on batteries with EU-wide support for scaling up production is urgently needed to react to US subsidies and China’s years of dominance. The EU can’t compete unless it has a robust industrial policy which is focused on scaling up production and rewards environmentally sustainable projects.
Toray Industries, Inc. Zoltek entered into large tow carbon fiber business in 1988, and acquired textile acrylic fiber plants in Hungary and Mexico in 1996 and 2007 respectively, and has been promoting development of large tow carbon fiber application and demand. is acquiring Zoltek Companies, Inc. per share).
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. The majority of the projects are targeted at making copper foil for lithium-ion batteries to meet demand from EVs.
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
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.
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. billion by 2027 from $18.75
The decline of the European new car market has continued throughout February. As of 29 February, JATO data has shown that the impact of COVID-19 had yet to hit the European automotive market. Against this negative backdrop, electrified vehicles (HEVs, PHEVs and BEVs) were once again the outlier in the industry.
The recovered CO 2 is then available in a highly concentrated form as a raw material for permanent storage or for a wide range of industrial applications. The long-term goal is to make carbon dioxide usable for industrial purposes. r, Hungary. The filtered air is released back into the environment after the adsorption step.
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.
The Volkswagen Group is pushing ahead with the integration of its plants into the Volkswagen Industrial Cloud; the aim is to further improve the efficiency of the plants and reduce production costs. The Industrial Cloud is built on Amazon Web Services (AWS), and Siemens is the integration partner. Earlier post.)
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. Shanghai Automotive Industry Corporation Motor, Volvo Cars, and Volkswagen.
Eaton’s site in Bonn, Germany, has been an electrical engineering design and testing facility for many years, focusing on industrial controls and protection and power distribution. Eaton also is expanding eMobility production in Gummersbach, Germany, and Györ, Hungary, by leveraging Eaton’s Electrical Sector manufacturing facilities.
Emerging from this considerable research and development is the ground-breaking Blade Battery which is revolutionizing safety, durability and performance in the EV industry. BYD is the first, and only company in the world, to provide full market new energy vehicle solutions. The European market is not entirely new to BYD.
Published at the BNEF Summit Bali , the ranking sees Canada rise to the second spot this year, which reflects its large raw material resources and mining activity, as well as its good positioning in environmental, social and governance factors (ESG) and infrastructure, innovation, and industry.
GM Opel’s aim is to take an industry lead, not just with fuel consumption and emissions but also with specific torque and noise reduction. Production at the Szentgotthardt plant in Hungary will begin in late 2012. Export initiative: Opel wants to enter new markets, including Australia, North Africa, South America and the Middle East.
BBAC), launched EQC production for the local market in China. As with the EQC from Bremen and Beijing and the EQV from Vitoria, which are already on the market, the fully electric models at the Rastatt plant run on the same production line as compact vehicles with conventional and hybrid drives. The EQE thus complements the all?electric
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 global market.
In March China’s EVE Energy announced plans to set up its first European battery plant with an estimated capacity of 30 GWh in Debrecen, Hungary. LG Energy Solutions said it would invest KRW 1.7 trillion (US$1.4 A total of 6 TWh of annual battery production would require around 5 million tonnes of lithium, according to Benchmark.
The VERBIO Nevada (Iowa) Biorefinery began producing renewable natural gas (RNG) on an industrial scale in December 2021. Then we will process up to 100,000 tons of corn stover into renewable natural gas (RNG) every year and make it available for the market as a climate-friendly, renewable biofuel. Nevada is just the beginning.
—Rolf Najork, the member of the Bosch board of management responsible for industrial technology. Our assumption is that the global battery market will grow up to 25 percent each year. Bosch believes its industrial technology is the way forward in its own plants as well. Bosch is doing its part to meet this demand.
First, the authors compiled current findings based on publications and exchanges with other experts and industry organizations. 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. The study comprises two parts.
The company also produces market-leading top-quality sound-absorbing materials and nonwovens for home interior and heat insulation use. The company operates five facilities globally, including three in Germany and one each in Hungary and China, and employs approximately 400 staff.
In more nascent markets such as many US states, it is important to use the number of registered EVs-per-charger ratio, while in more mature markets, a “power-per-EV” ratio can be more useful. As the market matures, this ratio should increase as geographic coverage becomes less critical.
The company will decide on the basis of market demand which foreign locations will produce further EQ models within the production network. Together with our ambitious colleagues, we as a works council want to help to shape the change in the automotive industry for electric mobility. We have laid the foundation for this.
These include Austria, Brazil, Canada, Costa Rica, France, Germany, Hungary, India, Ireland, Netherlands, Norway, Poland, Portugal, Slovenia, Sweden, Switzerland, United Kingdom, and the United States. GEVAs study is quite extensive, as it involved 23,254 respondents across 18 countries. GEVAs study can be viewed below.
Ford expects a compound annual growth rate for EVs to exceed 90% through 2026, more than double forecasted global industry growth. Ford and CATL—the world’s largest battery producer—have signed a separate non-binding MOU to explore a cooperation for supplying batteries in Ford’s markets across China, Europe and 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. It makes it possible to adjust production at short notice according to market demand.
BYD Mexico’s country manager, Zhou Zhou, told Nikkei Asia that Mexico is a key market with potential. It opened facilities in Thailand this year and announced plans to build a production site in Hungary in the next three years. He added that overseas production is essential for an international brand.
China’s BYD will challenge automakers in Europe with plans to triple its share in the EV market by 2025. After dominating its home market, BYD is expanding its brand overseas. BYD plans to expand EV market share in Europe BYD began selling vehicles in Europe in 2021, starting in Norway. share of Europe’s EV market.
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. Global Expansion of Chinese EV Brands Chinese EV manufacturers are no longer limited to their domestic market.
BYD only sold 4,140 cars in Germany in 2023, but is looking for 10% market share after its factory in Hungary starts production in a few years. In Norway, VW has made more critical cuts to the ID3’s price tag, to stay competitive in a market that has achieved 82% percent of sales being EVs – 20% of those sales being a Tesla in 2023.
Stellantis and SDI entered into a multi-billion-dollar joint venture (JV) in October 2021 to produce lithium-ion batteries for the North American market. Currently, the company operates battery manufacturing plants in Korea, Hungary, China, and Malaysia. depending on demand in the future. “We Samsung SDI Batteries.
20 November 2024 Read next Improved Tesla performance in Europe but competition closes in 19 November 2024 Read next Europe’s biggest used-car markets remain strong in third quarter 18 November 2024 Modest growth for the EU new-car market in October did little to strengthen the region’s overall performance. This was a 0.1 respectively.
The USA is the leader in the EV industry, as California-based, Tesla, dominates the market worldwide . of Countries Dominating the EV Market . Tesla dominates the EV market in over a third (39%) of countries analysed. Ranking as the second and third most popular electric vehicle (EV) manufacturers are Nissan and Renault.
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. Ironically, the market share of Chinese electric buses in Europe is far higher than that of Chinese electric cars.
During its announcement, BYD highlighted that it is focused on the Thai auto market. The company’s Thailand investment is expected to bring advanced manufacturing technology, industrial development, and a significant number of jobs in the country, as noted in a CNEV Post report.
With “the highest energy density in the bus industry,” CATL claims its new EV battery can last 15 years and 1.5 Over the weekend, CATL released its new “tailor-made” battery for the bus industry. With 175 Wh/kg, CATL claims its new Tianxing Bus battery leads the industry. million kilometers (932,000 miles).
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