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

Baua Electric

Hungary is anticipating 3 billion euros ($3.3 billion) in unutilized Chinese language investments within the automobile sector, additional boosting the central Ecu public as a regional heart within the transition to electrical mobility, International Minister Peter Szijjarto mentioned.

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BYD inks preliminary land purchase in Hungary for plant that will build EVs for Europe

Baua Electric

Two months after announcing it had selected Hungary as the desired location of its first passenger EV production facility in Europe, Build Your Dreams (BYD) has completed a preliminary sales agreement for the Hungarian land those facilities should eventually sit atop. FTC: We use income earning auto affiliate links.

Hungary 52
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Audi opens new R&D center in Beijing

Green Car Congress

The new Audi China Building supports Audi’s efforts to establish additional research and production capacities in the country. With both projects, we are addressing the market-defining trends in the Chinese auto market, namely: electrification, digitalization, and sustainability. —Audi CEO Markus Duesmann.

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

Green Car Congress

This marks SKIET’s first large-scale supply of EV battery separators to a Chinese EV battery manufacturer. Up to now, SKIET has been supplying separators for IT and electronic products to the Sunwoda Group. Sunwoda’s major customers for its batteries include Geely Auto Group, Dongfeng Cummins Engine Co.,

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White House warns that Chinese EVs could collect your data and send it back to China

Baua Electric

The US has imposed extra tariffs on Chinese EVs since 2019, with US officials having long warned that China poses a threat in data security, and the new measure could have broad implications across a number of industries, the report said. Meanwhile, the Chinese military steers clear of Tesla vehicles for the same reasons.

Chinese 52
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BYD to kick off EV production at new Thailand plant in Q3 as overseas expansion accelerates

Baua Electric

BYD is now set to begin production at its new EV plant in Thailand in the third quarter as it looks to accelerate overseas sales. BYD set to begin EV production in Thailand in Q3 After showcasing its full range of brands at the Bangkok Auto Show this week, BYD said it will kick off EV production in the country in Q3.

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SK On may start mass producing LFP batteries for automakers in 2026 – executive – ET Auto

Baua Electric

While SK On is pushing for LFP battery production, the firm is also developing prismatic and cylindrical-type EV batteries. This is the first time SK On has revealed details on its LFP battery strategy and timeline for beginning mass production. We have to compete with the Chinese LFPs. Maybe it’s not easy,” he said.