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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. Image: Schaeffler. —Klaus Rosenfeld, CEO of Schaeffler AG. million between 2026 and 2029.

Hungary 221
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BYD launches 3 new electric vehicles at the Paris Motor Show

Green Car Congress

BYD is launching three new battery-electric passenger vehicles in Europe at the Paris Motor Show, including the BYD ATTO 3, a C-segment SUV designed with the European customer in mind; the BYD TANG, a 7-seater with variable all-wheel drive; and the sporty sedan BYD HAN. In Europe, BYD is dedicated to making mobility solutions emission-free.

BYD 273
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Motor racing-Russell wins Belgian GP in Mercedes one-two as one-stop strategy pays off

Baua Electric

McLaren’s Oscar Piastri, who won his first F1 GP in Hungary last weekend, finished third with Red Bull’s championship leader Max Verstappen fifth after starting 11th on the grid following a 10-place grid penalty for taking on a fifth engine.

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Hyundai Motor Group hits double-digit EV market share in the US, and this is just the start

Baua Electric

Hyundai Motor Group, including Kia and Genesis, is taking the US EV market by storm this year. Hyundai outpaced Ford (7.4%) and GM (6.3%), according to Motor Intelligence. Hyundai Motor and its suppliers are investing heavily in the US, its largest sales market (North America). Hyundai invested around $7.6

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

Baua Electric

MG Motors, a unit of Chinese automaker SAIC, will open a second European parts centre by the summer of 2024 in France to meet the country’s growing demand for its vehicles, a spokesperson told Reuters on Thursday. SAIC is currently evaluating whether to build a factory in Europe.

Parts 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. Up to now, SKIET has been supplying separators for IT and electronic products to the Sunwoda Group. SKIET has factories in South Korea, China, and Poland.

Supplies 199
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BYD aims to start vehicle production at Thailand EV plant in Q3 2024

Teslarati

The announcement coincided with the automaker’s participation in the ongoing 45th Bangkok International Motor Show, which is being held from March 27 – April 7, 2024. During its announcement, BYD highlighted that it is focused on the Thai auto market. The company is also constructing car factories in Hungary and Brazil.

Thailand 102