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

Baua Electric

Hungary is anticipating 3 billion euros ($3.3 billion) in unutilized Chinese language investments within the automobile sector, additional boosting the central Ecu public as a regional heart within the transition to electrical mobility, International Minister Peter Szijjarto mentioned.

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Schaeffler introducing 4in1 electric axles for EVs

Green Car Congress

A particularly efficient thermal management system also ensures that a car travels further on one battery charge and charges faster. In the future, Schaeffler will supply beam axles to automobile manufacturers, particularly in North America. In September 2021, production started at its plant in Szombathely, Hungary.

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BMW investing €400M in new vehicle assembly at Munich plant as part of shift to electromobility; engine production being concentrated at Steyr and Hams Hall

Green Car Congress

The BMW Group is speeding up the shift towards electromobility and strengthening its global network for production of electrified vehicles. It will ramp up for the first time at our future plant in Debrecen, Hungary, before being rolled out across our global production network in stages. —Milan Nedeljkovi?.

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Mercedes-Benz Cars invests €1B in new “Full-Flex” car plant in Hungary; Factory 56 applied to full plant

Green Car Congress

Mercedes-Benz Cars is starting construction of its first “Full-Flex Plant“ in Kecskemét, Hungary, about 90 km in the south of Budapest. With an investment of one billion euros, we are building in Hungary the first ‘Full-Flex Plant’ in the global production network of Mercedes-Benz Cars.

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Mercedes-Benz will be producing 8 all-electric EQ models in 2022

Green Car Congress

In 2022, Mercedes-Benz’ global portfolio will include eight all-electric Mercedes-EQ models. The global Mercedes-Benz production network is ready for the company’s electric product offensive and is integrating its Mercedes-EQ models into series production in its existing plants.

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China’s BYD tops 1.6 million BEV sales in 2023

Baua Electric

million fully battery-electric vehicles last year, coming close to Tesla’s projected goal of 1.8 Adding up sales for all so-called new energy vehicles, including battery-only vehicles and hybrids, BYD sold 3 million vehicles in 2023. million in 2022, according to data from the China Association of Automobile Manufacturers.

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Teijin Frontier to acquire J.H. Ziegler; addressing EV demand

Green Car Congress

The company operates five facilities globally, including three in Germany and one each in Hungary and China, and employs approximately 400 staff. The company also produces market-leading top-quality sound-absorbing materials and nonwovens for home interior and heat insulation use.

Hungary 150