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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. Construction work on Szombathely II, the Schaeffler Group’s second plant in western Hungary, started in 2020. million between 2026 and 2029.

Hungary 221
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New Tesla Supercharger stations announced in North America, Europe & Asia

Teslarati

Bolzano, Italy Dresden, Germany Rostock, Germany Pecs, Hungary Garmisch-Partenkirchen, Germany. The Supercharger network is a key pillar in Tesla’s ultimate goal for a sustainable future, especially in the auto industry. Big Bear Lake, CA Sylva, NC Lake Okeechobee, FL Morro Bay, CA Dalton, GA.

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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. And if you doubt that they will learn, check out my cover story about BYD in the new issue of FORTUNE, headed to subscribers and newsstands this week. This could turn out to be one of Buffett’s very best deals.

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