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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. 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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BEV overtake diesels sales for the first time in Europe

Electric Cars Report

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. In June 2023, the EU car market grew by 17.8%

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Schaeffler introducing 4in1 electric axles for EVs

Green Car Congress

In the future, Schaeffler will supply beam axles to automobile manufacturers, particularly in North America. Schaeffler has already secured its first orders for electric beam axles from automobile manufacturers. 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

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

Green Car Congress

of new-car registrations, according to data from ACEA, the European Automobile Manufacturers Association. digit gains were also seen in Belgium (+17.7%), Slovenia (+18.2%), Hungary (+18.4%), Sweden (+30.5%) and Romania (+31.1%). In the last quarter of 2019, EU demand for diesel cars further decreased , dropping to 29.5%

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Nvidia hold surge drives marketplace price akin $1 trillion

Baua Electric

Likewise, Nvidia’s Omniverse platform — near to a third-dimensional model of Google Medical doctors that permit groups to paintings on merchandise concurrently — has been followed by way of automakers to backup them design and assemble each automobiles and factories. Google guardian Alphabet Inc., Microsoft Corp.

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