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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. Designed as a “factory for tomorrow,” it features a high degree of automation, modular production buildings, and end-to-end digitalization. Image: Schaeffler. million between 2026 and 2029.

Hungary 221
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Benchmark Minerals: Europe’s EV gigafactory capacity pipeline to grow 6-fold to 789.2 GWh to 2030

Green Car Congress

Samsung SDI (Hungary): 20 GWh. SK Innovation (Hungary): 7.5 A more recent trend with Europe’s lithium-ion battery build out is the emergence of auto majors as pseudo-battery producers seeking to secure cell supply through joint-venture plants. Northvolt (Sweden): 16 GWh. Envision AESC (UK): 1.9GWh.

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SAIC’s MG to open second Europe parts centre by the summer – ET Auto

Baua Electric

SAIC is currently evaluating whether to build a factory in Europe. As well as finding ways to reach new customers, MG needs to focus on building out a car servicing network to strengthen loyalty, the MG spokesperson said. SAIC is currently evaluating whether to build a factory in Europe.

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

Green Car Congress

Sunwoda’s major customers for its batteries include Geely Auto Group, Dongfeng Cummins Engine Co., Shanghai Automotive Industry Corporation Motor, Volvo Cars, and Volkswagen. In addition, they plan to build a mid-to-long term strategic cooperative relationship in the Chinese electric vehicle market.

Supplies 199
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BYD is ‘just getting started’ in Europe with plans to triple its EV market share

Baua Electric

Europe is much different from other key auto markets like China or the US, with several legislations and languages. BYD aims for a 5% share of EV sales in Europe, even before production begins in Hungary. The facility will build electric cars with battery packs built in Hungary.

BYD 52
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Tesla slashes prices across Europe on Model Y

Baua Electric

BYD only sold 4,140 cars in Germany in 2023, but is looking for 10% market share after its factory in Hungary starts production in a few years. And BYD is looking to make some serious moves in Europe, and now that it will be building EVs in Hungary in the next couple of years. FTC: We use income earning auto affiliate links.

Europe 97
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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. BYD, the country’s dominant automaker in the world’s largest auto market, released its sales numbers yesterday. It is building an assembly plant in Hungary and has opened dealerships in Germany, Norway, and Sweden.

BYD 52