European Commission opens investigation into proposed public support for Samsung SDI battery plant in Hungary

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The European Commission has opened an in-depth investigation to assess whether Hungary's plans to grant €108 million of public support to Samsung SDI for investing in the expansion of its battery cell production facility in Göd (Hungary) is in line with EU rules on regional State aid. Samsung SDI is one of the main players in the fast growing market of lithium-ion battery market.

GS Yuasa to set up SLI lithium-ion battery plant in Hungary

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GS Yuasa Corporation will establish a manufacturing subsidiary company, GS Yuasa Hungary Ltd. in Hungary and build a new plant for lithium-ion batteries. These batteries will be used for SLI (Starting, Lighting, and Ignition) applications which are expected to be expanded in the European market. Lithium-ion batteries will be assembled in a new plant with lithium-ion cells made in Japan.

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Mercedes-Benz Cars invests €1B in new “Full-Flex” car plant in Hungary; Factory 56 applied to full plant

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Mercedes-Benz Cars is starting construction of its first “Full-Flex Plant“ in Kecskemét, Hungary, about 90 km in the south of Budapest. With an investment of one billion euros, we are building in Hungary the first ‘Full-Flex Plant’ in the global production network of Mercedes-Benz Cars.

Euro car market has best H1 of century; diesels down 17%; AFVs up 31% for 5.4% of total; SUVs booming

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The European car market recorded its best H1 performance of the century, with 8.6 Despite uncertainty in the UK, where the market was down 6.3% on H1 2017, the growth recorded in Germany, France and Spain allowed the overall market to keep growing. of the German market.

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Diesel new vehicle market share in Europe in February dropped to 39.5%; SUVs still driving growth

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million units registered in Europe in 2018 so far, according to figures from JATO Dynamics. The market share of diesel vehicles fell to 39.5% compared to the same month last year, meaning SUVs accounted for 33% of the total market in February. MPVs saw market share decline by 2.1

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DAF trucks showcases electric and hybrid trucks at IAA CV

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DAF said it will be ready to introduce these trucks when the market is ready. DAF’s heavy-duty market share in Europe grew from 15.3% In Germany—the largest truck market in Europe—DAF is the largest import brand.

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Mercedes-Benz to invest ~€500M to produce electric compact EQ model at Hambach plant

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In Germany the smart brand is the market leader among all-electric vehicles in the first quarter of 2018. The production network of the new generation of compact cars includes the plant in Kecskemét, Hungary, the BBAC production site in Beijing, the COMPAS plant in Aguascalientes (Mexico) as well as the Finnish manufacturing service provider Valmet Automotive. Mercedes-Benz Cars is expanding its production capacities for electric cars in Europe.

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Teijin Frontier to acquire J.H. Ziegler; addressing EV demand

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The company also produces market-leading top-quality sound-absorbing materials and nonwovens for home interior and heat insulation use. The company operates five facilities globally, including three in Germany and one each in Hungary and China, and employs approximately 400 staff. Teijin Frontier Co., the Teijin Group’s fiber and products converting company, agreed to acquire J.H.

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Ipsos study finds US among most skeptical of Autonomous Vehicles

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Although there is widespread interest in autonomous vehicles (AVs), the US—one of the largest auto markets in the world—expresses higher levels of resistance than most nations, according to a new study by Ipsos, a leading global market research firm.

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European car market logs best year for alternative fueled vehicles, lowest diesel share since 2001

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The European car market remained stable during 2018, as 15.6 It was the best result since 2007, when the market peaked with 16.02 Globally, Europe was the world’s third-largest car market behind China and the US. market share.

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UN: world population is expected to reach 9.7 billion in 2050 and could peak at nearly 11 billion around 2100

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In 2018, for the first time in history, persons aged 65 or above outnumbered children under five years of age globally. These low values underscore the potential impact of population ageing on the labor market and economic performance, as well as the fiscal pressures that many countries will face in the coming decades as they seek to build and maintain public systems of health care, pensions and social protection for older persons. Forecasts Market Background

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Mercedes-Benz Rastatt plant to produce compact electric EQ vehicles; 3rd center of competence for EQ models in Germany

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The company will decide on the basis of market demand which foreign locations will produce further EQ models within the production network. The Mercedes-Benz Rastatt plant is running at high capacity utilization, and currently creating the conditions for the production start of the next compact car generation in 2018.

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