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Hungary expects $3B in unutilized Chinese language auto business funding

Baua Electric

Hungary is anticipating 3 billion euros ($3.3 billion) in unutilized Chinese language investments within the automobile sector, additional boosting the central Ecu public as a regional heart within the transition to electrical mobility, International Minister Peter Szijjarto mentioned.

Hungary 52
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Are Chinese electric buses exempt from European EV tariffs? – Charged EVs

Baua Electric

In June, the EU announced import tariffs on Chinese EVs ranging from 17.4% The rationale behind the new tariffs is that the Chinese government has unfairly subsidized its auto industry, enabling Chinese automakers to sell EVs at prices European brands can’t match. BYD has established a factory in Hungary.

Chinese 52
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SK IE Technology to supply separators for EV batteries to Sunwoda

Green Car Congress

SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of global market share (according to SNE Research in 2022), to strengthen cooperation in supplying battery separators. This marks SKIET’s first large-scale supply of EV battery separators to a Chinese EV battery manufacturer.

Supplies 199
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SK On may start mass producing LFP batteries for automakers in 2026 – executive – ET Auto

Baua Electric

While SK On is pushing for LFP battery production, the firm is also developing prismatic and cylindrical-type EV batteries. Choi did not disclose the names of automakers but said the company plans to start mass producing LFP batteries once discussions are finalized. We have to compete with the Chinese LFPs. market at all.

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China’s BYD tops 1.6 million BEV sales in 2023

Baua Electric

The Atto-3 SUV / Source: BYD Europe It was a huge year for profits at Chinese auto behemoth BYD. million fully battery-electric vehicles last year, coming close to Tesla’s projected goal of 1.8 Adding up sales for all so-called new energy vehicles, including battery-only vehicles and hybrids, BYD sold 3 million vehicles in 2023.

BYD 52
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CATL still dominates the EV battery market share in 2024, but BYD is gaining ground

Baua Electric

As global EV battery consumption continues rising, the most prominent players, including CATL and BYD, continue dominating the market in 2024. CATL and BYD are still the EV battery market leaders Through the first four months of 2024, global EV battery consumption reached 216.2 of the market through April 2024. from last year.

BYD 52
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Mercedes introducing EQB compact electric SUV in Shanghai

Green Car Congress

The new Mercedes-Benz EQB is making its debut at Auto Shanghai 2021 this week. After Europe, the international version of the EQB, produced in Kecskemét, Hungary, will be launched at the end of the year, followed by the US market launch in 2022. Ltd (BBAC), a joint venture between Daimler and its Chinese partner BAIC Group.

Mercedes 243