article thumbnail

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.

Hungary 150
article thumbnail

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. By the end of this year, our plants worldwide will obtain their electricity exclusively, 100%, from renewable energy sources. —Milan Nedeljkovi?. —Milan Nedeljkovi?.

BMW 396
article thumbnail

Toray to enter large tow carbon fiber business via $584M acquisition of Zoltec; wind and automotive markets

Green Car Congress

The global demand for PAN-based carbon fibers is expected to expand at an annual growth rate of exceeding 15% as an advanced material which contributes not only to energy saving through weight reduction but also to the spread of renewable energy.

article thumbnail

Mercedes-Benz Cars plants in Germany to be supplied with CO2-neutral energy from 2022

Green Car Congress

Thereby, we completely forego coal-based electricity and obtain our electrical energy from only renewable sources. In the future, 100% of additional purchased electricity will come from verifiable renewable sources, such as wind- and hydropower. In Kecskemét (Hungary), a second plant under construction will be CO 2 -neutral.

Germany 170
article thumbnail

New Car Registrations in Europe Down 18.3% in February

Green Car Congress

less compared to the same month of 2008, according to figures from the European Automobile Manufacturers’s Association (ACEA). The downturn of the French market was cushioned by fleet renewal incentives as well. Other major markets were down with 7.7% (Czech Republic), 46.4% (Hungary) and 66.5% (Romania). in Iceland to -13.2%

article thumbnail

Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

Then Mr. Wang, as he’s known, got into the automobile business by buying a failing state-owned carmaker. Today, BYD employes 130,000 people in 11 factories, either in China and one each in India, Hungary and Rumania. I’m going to blog about Sokol later this week—he is a big believer in renewable energy.)

Chinese 28