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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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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. Overall, the company is investing €1 billion in the new car plant and creating more than 2,500 jobs. This includes passenger cars with a wide variety of body and drive variants.

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BEV overtake diesels sales for the first time in Europe

Electric Cars Report

In June 2023, the EU car market grew by 17.8% to 1 million registered units, according to the European Automobile Manufacturers’ Association (ACEA) data. Except for Hungary (-1.4%), all the EU markets grew, […] The post BEV overtake diesels sales for the first time in Europe appeared first on Electric Cars Report.

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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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4Q 2019: EU diesel demand continues to drop while gasoline gains; plug-ins up 80.5% y-o-y

Green Car Congress

In the last quarter of 2019, EU demand for diesel cars further decreased , dropping to 29.5% of new-car registrations, according to data from ACEA, the European Automobile Manufacturers Association. Gasoline cars accounted for 57.3% of total new car sales across the region from October to December last year.

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Half of EU Electric Car Chargers in Just Two Countries!

CleanTechnica EVs

I’ve followed the European electric car and EV charger market for a decade. Nonetheless, I was shocked to see the figure that just came out from an EU EV charging analysis conducted by the European Automobile Manufacturers’ Association (ACEA) — “half of all charging points for electric […].

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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

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. The BMW Group was positioned as sector leader in the “Automobiles” category of the Dow Jones Sustainability Indices World and Europe, announced just a few days ago.

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