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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. The range of products produced at the Szombathely II plant includes electric motor components. The range of products produced at the Szombathely II plant includes electric motor components.

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BMW begins EV battery buildout ahead of next-gen Neue Klasse EVs

Baua Electric

BMW cylindrical battery cells BMW announced that it would build Neue Klasse EVs in Mexico , as well as two European production sites, in February 2023. The battery side will supply cylindrical cells with 20% greater energy density than current cells, helping to boost charging speed and range by 30%, BMW claims.

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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.

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BYD wants to bring a Land Rover-style SUV that can ‘float on water’ to Europe

Baua Electric

So Europeans can get an up-close look at the SUVs, the company plans to showcase them at the Geneva auto show in February. In China, the U8 SUV is a full-size luxury SUV priced at around $152,000 and powered by a 49-killowatt-hour battery and a range-extender gasoline engine, giving it a range of 1,000 km.

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BMW taps electric hypercar specialist Rimac for high-performance EV batteries

Baua Electric

BMW currently gets its batteries from five sites globally, and it plans to build next-gen EV batteries in South Carolina, Mexico, Hungary, and China. BMW claims its “new class” of EVs will feature 30% more range, 30% faster charging, and a 25% improvement in efficiency. FTC: We use income earning auto affiliate links.

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Tesla slashes prices across Europe on Model Y

Baua Electric

In Germany, Tesla reduced the price of its Model Y Long Range by €5,000 to €49,990 ($54,340), a discount of 9%. 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. FTC: We use income earning auto affiliate links. Get started here.

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BMW Vision Neue Klasse X SUV teased ahead of global debut on March 21

Baua Electric

By: HT Auto Desk | Updated on: 19 Mar 2024, 18:14 PM The BMW Vision Neue Klasse X concept previews a new design direction range, previewing an upcoming electric SUV from the automaker. The BMW Vision Neue Klasse X concept is expected to preview the upcoming range of cars based on the Neue Klasse EV platform.

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