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BMW Group investing €800M in Plant San Luis Potosí in Mexico for NEUE KLASSE and battery assembly

Green Car Congress

The first cars of the NEUE KLASSE will come off the production line at our plant in Debrecen, Hungary, starting in 2025, followed by the main plant in Munich. The new battery format will increase energy density by more than 20% and improve charging speed and range by up to 30%. Earlier post.) Earlier post.)

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Tesla slashes prices across Europe on Model Y

Baua Electric

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. And BYD is looking to make some serious moves in Europe, and now that it will be building EVs in Hungary in the next couple of years. Meanwhile, Tesla shares were down 1.6% Get started here.

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Telsa joins VW and BYD in cutting prices in Germany

Baua Electric

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. And BYD is looking to make some serious moves in Europe, and now that it will be building EVs in Hungary in the next couple of years. Get started here.

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BMW spends billions to push its next-gen EVs into Tesla territory

Baua Electric

A new factory in Debrecen, Hungary, currently under construction, will also build only electric cars, with the upcoming Neue Klasse models planned to be built there in 2025. BMW has high hopes for its next-gen innovation, describing it as a “benchmark in terms of range, charging speed, and pricing.” Get started here.

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China’s Chery to set up shop in Europe

Baua Electric

Still, while Europe certainly doesn’t need ICE vehicles from China, Chinese EV expansion is well on its way, with BYD pushing international growth with its plans to build an EV factory in Hungary, and other automakers are looking to set up production in Europe as well. It’s free, with no sales calls until you choose an installer.

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BYD slashes price on its best-selling SUV to $16K to compete with gas cars

Baua Electric

However, Geely and BYD are making the biggest impact outside of China, too, with BYD pushing international growth with its plans to build an EV factory in Hungary and Mexico, and other automakers are looking to set up production in Europe as well. If you’re an electric vehicle owner, charge up your car at home with rooftop solar panels.

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Mercedes-Benz prepares car production network for new electric portfolio

Green Car Congress

Core Luxury: The Mercedes-Benz plants in Bremen, Germany and Kecskemét, Hungary to manufacture vehicles in Europe based on the MB.EA The EQB compact SUV was launched at the Mercedes-Benz Kecskemét plant in 2021 and is the first purely electrically powered series production vehicle from Hungary.

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