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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.

Energy 52
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SAIC’s MG to open second Europe parts centre by the summer – ET Auto

Baua Electric

The company did not disclose the how much it would invest in the centre. Chinese EV maker BYD said in December it would build its first European plant in Hungary and the Italian government is holding talks with Chery Auto about the possibility of the Chinese firm manufacturing cars in the country, two sources told Reuters this week.

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., According to the MOU, both companies agreed to communicate actively about expanding the supply of separators with technological capabilities, quality, and price competitiveness in the future.

Supplies 199
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Audi opens new R&D center in Beijing

Green Car Congress

Both the new R&D center in Beijing and the Audi FAW NEV Company in Changchun clearly prove the progress in transforming Audi’s business in China. With both projects, we are addressing the market-defining trends in the Chinese auto market, namely: electrification, digitalization, and sustainability. —Audi CEO Markus Duesmann.

Audi 368
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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. Even before it begins producing vehicles at its Hungary plant. The company’s European boss confirmed the plant will begin production in 2026. FTC: We use income earning auto affiliate links.

Greece 52