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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. Szombathely II provides around 15,000 square meters of space for the production of powertrain components and solutions, such as electric motors and hybrid drives. Image: Schaeffler.

Hungary 221
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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

Today, BYD employes 130,000 people in 11 factories, either in China and one each in India, Hungary and Rumania. David Sokol is a student of management—he wrote a little book on the subject called “Pleased But Not Satisfied”—and he was impressed with Mr. Wang’s thoughtful and purposeful approach to building his company.

Chinese 28
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2020 Top 10 Countries in the Global EV Revolution

EV Sales

8TH PLACE: SOUTH KOREA, 51 POINTS (6TH IN 2019) Claim to fame: Korean EV makers (basically, the Hyundai-Kia conglomerate) continued their advance, nearing 200k made in 2020, while Korean battery makers cemented their global dominance with twin giants LG Chem and Samsung launching factories in Hungary, and more being built elsewhere.

2020 52