article thumbnail

SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

Green Car Congress

South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Incorporated in 2018, Global Lithium was listed on the Australian Stock Exchange last year.

Supplies 259
article thumbnail

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

Green Car Congress

Automotive and industrial supplier Schaeffler has opened a new production facility at its Szombathely location in the west of Hungary. The goal is sustainable mobility, and we are determined to make real progress in that direction as a key technology partner for our customers by leveraging our global network of production facilities.

Hungary 221
article thumbnail

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. Plant San Luis Potosí is characterized by its responsible resource management and measures to reduce CO 2. In such a dry region, conserving water is particularly important.

Mexico 418
article thumbnail

T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

Green Car Congress

—Julia Poliscanova, senior director for vehicles and emobility at T&E Germany, Hungary, Spain, Italy and the UK stand to lose the most if battery-makers change their plans. Europe’s global share of new investment in Li-ion battery production dropped from 41% in 2021 to a meagre 2% in 2022, according to BloombergNEF.

Companies 430
article thumbnail

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

The BMW Group is speeding up the shift towards electromobility and strengthening its global network for production of electrified vehicles. 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. —Milan Nedeljkovi?.

BMW 396
article thumbnail

Ford sources battery capacity and raw materials for 600K EV annual run rate by late 2023, 2M by end of 2026; adding LFP

Green Car Congress

The company detailed its global vehicle portfolio plans supporting these production goals as part of its Ford+ plan. Ford expects a compound annual growth rate for EVs to exceed 90% through 2026, more than double forecasted global industry growth. 150,000 F-150 Lightnings for North America.

Ford 221
article thumbnail

Schaeffler introducing 4in1 electric axles for EVs

Green Car Congress

Heat is a scarce and valuable resource in electric cars, which do not have the waste heat from internal combustion engines for heating the interior, for example. In September 2021, production started at its plant in Szombathely, Hungary. The company is therefore entering a new market segment for electric axle drives.

Electric 369