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Toyota Motor Manufacturing Turkey to become Toyota’s first European plant to produce plug-in-hybrid vehicles and batteries

Green Car Congress

In addition, TMMT will be Toyota’s first European plant to start producing plug-in hybrid vehicles, and the first to be equipped with a battery production line. Alongside the vehicle production line, TMMT will build a new plug-in battery assembly line with a capacity of 75,000 units per year within its facility. market share.

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Hyundai Mobis breaks ground on EV battery system plant in Spain for Volkswagen

Electric Cars Report

Hyundai Mobis, a Hyundai Motor affiliate, announced the construction of a new battery system plant in Spain, the heart of Europe’s automotive market. Mobis currently operates battery system production facilities in Korea, China, and the Czech Republic and is building several more in the USA, and Indonesia.

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Euro Manganese enters offtake term sheet with battery-maker Verkor

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Euro Manganese has entered into an offtake term sheet with Verkor , a low-carbon battery manufacturer based in Grenoble, France, for the sale of high-purity manganese sulfate monohydrate (HPMSM) from the company’s Chvaletice Manganese Project in the Czech Republic. Earlier post.) The term sheet is non-binding.

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Czech government, ?EZ sign MOU on $2.4B, 40GWh gigafactory; ?EZ lithium mine project progressing

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EZ signed a memorandum of understanding regarding the construction of a gigafactory for battery cells for electric vehicles. The document sets forth the basic conditions for the establishment of the factory and is a prerequisite for agreements with other potential investors, including automakers and battery manufacturers. ?EZ

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Hyundai Mobis to showcase AI-controlled electric concept M.Vision X at IAA Mobility

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In Europe, Hyundai Mobis plans to expand further its market position. The company is pursuing a strategic transformation into a software- and platform-oriented technology company.

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A123 Systems opening new manufacturing facility in Czech Republic; support for increasing volume of 12V and 48V Li-ion systems

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Li-ion battery manufacturer A123 Systems is expanding its operations in Europe by opening a new manufacturing facility in the Czech Republic city of Ostrava. The opening of the new facility is the result of a substantial surge in European market demand for low-voltage automotive products, a strategic focus of A123.

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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

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million units and secure 7% of global market share by 2030 by strengthening its line-up with 17 new BEV models by 2030; 11 for Hyundai models and 6 for Genesis luxury brand. Through these alliances, the company expects to obtain more than 50% of its next-generation lithium batteries for BEVs starting in 2025.

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