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Hungary expects $3B in unutilized Chinese language auto business funding

Baua Electric

Hungary is anticipating 3 billion euros ($3.3 The unspecified tasks will provide German automakers’ factories in Hungary and are available on lead of a 7.3 The unspecified tasks will provide German automakers’ factories in Hungary and are available on lead of a 7.3 billion funding to provide batteries to BMW in Hungary. “We

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CATL to construct fast-charging Shenxing battery in Germany, Hungary

Baua Electric

MUNICH — CATL will construct its then fast-charging Shenxing battery at its vegetation in Germany and Hungary along China, fundamental engineer Gao Pengfei stated on the IAA Mobility auto display in Munich. The battery will likely be heavily produced in China from overdue 2023 and to be had in electrical cars from 2024.

Hungary 52
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SAIC’s MG to open second Europe parts centre by the summer – ET Auto

Baua Electric

MG, whose electric compact car MG4 was the 23rd best-selling car in France last year after just a year on the market, already has a central logistics centre in Amsterdam, which distributes parts spare parts throughout Europe. The new European site will be operated by a partner near Lens, in Hauts-de-France, near the Belgian border.

Europe 52
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BYD expands reach in Europe with best-selling Atto 3, Seal EV launching in Greece

Baua Electric

Although BYD began selling EVs in Europe in 2021 (in Norway), the company only sold 15,644 electric cars in the region last year. Even before it begins producing vehicles at its Hungary plant. To speed up output, it will also build battery packs in Hungary. FTC: We use income earning auto affiliate links.

Greece 52
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Audi opens new R&D center in Beijing

Green Car Congress

With both projects, we are addressing the market-defining trends in the Chinese auto market, namely: electrification, digitalization, and sustainability. In a dedicated area, Audi Design China uses advanced digital tools such as VR headsets and digital drawing tablets to create the car designs of the future.

Audi 368
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SK IE Technology to supply separators for EV batteries to Sunwoda

Green Car Congress

Sunwoda’s major customers for its batteries include Geely Auto Group, Dongfeng Cummins Engine Co., Shanghai Automotive Industry Corporation Motor, Volvo Cars, and Volkswagen. Up to now, SKIET has been supplying separators for IT and electronic products to the Sunwoda Group. SKIET has factories in South Korea, China, and Poland.

Supplies 199
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BYD is ‘just getting started’ in Europe with plans to triple its EV market share

Baua Electric

Last year, the company sold 15,644 electric cars in the region. Europe is much different from other key auto markets like China or the US, with several legislations and languages. BYD aims for a 5% share of EV sales in Europe, even before production begins in Hungary. FTC: We use income earning auto affiliate links.

BYD 52