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

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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 ).

Hungary 334
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LG Magna e-Powertrain expands footprint with new facility in Hungary; 4th plant worldwide

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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.

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

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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

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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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Schaeffler opens new dedicated e-mobility plant in Hungary; expects €2-3B in annual e-mobility orders from 2022 on

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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.

Hungary 221
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Rolls-Royce to power Vertical Aerospace’s all-electric eVTOL UAM aircraft

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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.

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Audi Hungaria starts operation of Europe’s biggest solar roof installation

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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.

Audi 435