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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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Nio to open first overseas facility in Hungary

Electric Cars Report

Chinese premium electric vehicle manufacturer Nio has announced plans to open its first overseas facility in Budapest, Hungary, in September 2022. Located in Pest in the eastern part of the city, the new 10,000 square meters facility will manufacture power products including battery-swapping stations for the European market.

Hungary 104
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CATL to build €7B battery plant in Hungary, its second in Europe

Teslarati

Chinese battery manufacturer Contemporary Amperex Technology Co., billion to build a 100 GWh battery plant in Hungary. The Debrecen, Hungary battery plant would join CATL’s Munich, Germany facility as the second for the company in Europe. . CATL announced on Friday that it would invest €7.34

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BMW Group announces local production of NEUE KLASSE in China from 2026, new gen 6 battery plant

Green Car Congress

The high-voltage batteries required for this will likewise be manufactured locally. The virtual ground-breaking for a new assembly site for high-voltage batteries also took place as part of the anniversary celebrations. Rendering of the future high-voltage battery assembly in Shenyang. BBA is investing RMB 10 billion (US$1.4

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SK IE Technology to supply separators for EV batteries to Sunwoda

Green Car Congress

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. This marks SKIET’s first large-scale supply of EV battery separators to a Chinese EV battery manufacturer.

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Benchmark: Li-ion battery pipeline could exceed 6 TWh by end of decade

Green Car Congress

Total lithium-ion capacity existing or being built has doubled since the beginning of 2021, following announcements of new plants by Chinese and South Korean battery producers, according to Benchmark’s Gigafactory Assessment. Battery capacity is currently growing at twice the speed of lithium raw material supply. trillion (US$1.4

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BMW investing €400M in new vehicle assembly at Munich plant as part of shift to electromobility; engine production being concentrated at Steyr and Hams Hall

Green Car Congress

It will ramp up for the first time at our future plant in Debrecen, Hungary, before being rolled out across our global production network in stages. The Chinese plant in Dadong also began producing the BMW iX3 this year. This architecture will be in use from the middle of the decade. —Milan Nedeljkovi?.

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