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

Baua Electric

Hungary is anticipating 3 billion euros ($3.3 The unspecified tasks will provide German automakers’ factories in Hungary and are available on lead of a 7.3 The unspecified tasks will provide German automakers’ factories in Hungary and are available on lead of a 7.3 billion funding to provide batteries to BMW in Hungary. “We

Hungary 52
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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. Our new facility in Szombathely is a milestone in the transformation of our company and embodies our strategic priorities of innovation, agility and efficiency. million between 2026 and 2029.

Hungary 221
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Greenfuel Energy partners with lithium battery company EVE Energy – ET Auto

Baua Electric

a global leading lithium battery company based in China. EVE Energy is one of the lithium battery companies in the industry that possesses core technologies and comprehensive solutions. billion cylindrical batteries globally. As of now, EVE has provided over 2.1

Energy 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. Sunwoda’s major customers for its batteries include Geely Auto Group, Dongfeng Cummins Engine Co.,

Supplies 199
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BYD expands reach in Europe with best-selling Atto 3, Seal EV launching in Greece

Baua Electric

Although BYD began selling EVs in Europe in 2021 (in Norway), the company only sold 15,644 electric cars in the region last year. According to global data collection firm DataForce , that would give BYD a 1.1% Even before it begins producing vehicles at its Hungary plant. FTC: We use income earning auto affiliate links.

Greece 52
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BYD launches 3 new electric vehicles at the Paris Motor Show

Green Car Congress

BYD is the first, and only company in the world, to provide full market new energy vehicle solutions. Global leader in new energy vehicles. BYD is the global leader in new energy vehicles (NEVs), and the third-largest auto brand in the world based on market capitalisation. Globally, BYD has committed to more than 2.6

BYD 273
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CATL accelerates overseas expansion as it outgrows China’s booming EV market

Baua Electric

CATL is doubling down on its global expansion efforts as it seeks more growth in overseas markets. With CATL’s chairman now leading the efforts, the company is making overseas growth a top priority as it outgrows China’s surging EV market. However, as CATL outgrows China’s surging EV market, the company is looking overseas for growth.

Market 52