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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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CATL to build €7B battery plant in Hungary, its second in Europe

Teslarati

Chinese battery manufacturer Contemporary Amperex Technology Co., billion to build a 100 GWh battery plant in Hungary. The Debrecen, Hungary battery plant would join CATL’s Munich, Germany facility as the second for the company in Europe. CATL announced on Friday that it would invest €7.34

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BMW Group announces local production of NEUE KLASSE in China from 2026, new gen 6 battery plant

Green Car Congress

The high-voltage batteries required for this will likewise be manufactured locally. The virtual ground-breaking for a new assembly site for high-voltage batteries also took place as part of the anniversary celebrations. Rendering of the future high-voltage battery assembly in Shenyang. BBA is investing RMB 10 billion (US$1.4

BMW 457
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SK IE Technology to supply separators for EV batteries to Sunwoda

Green Car Congress

SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of global market share (according to SNE Research in 2022), to strengthen cooperation in supplying battery separators. This marks SKIET’s first large-scale supply of EV battery separators to a Chinese EV battery manufacturer.

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Benchmark: Li-ion battery pipeline could exceed 6 TWh by end of decade

Green Car Congress

Global lithium ion production capacity could reach over 6,000 GWh (6 TWh) by the end of the decade based on current plans, as companies accelerate gigafactory construction in Europe and the US, according to Benchmark Mineral Intelligence. Battery capacity is currently growing at twice the speed of lithium raw material supply.

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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 company is investing €400 million in a new vehicle assembly at the main plant in Munich. The combustion engines with four, six, eight and 12 cylinders produced there will be manufactured at the company’s locations in Steyr in Austria and Hams Hall in the UK going forward. —Milan Nedeljkovi?.

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SK On may start mass producing LFP batteries for automakers in 2026 – executive – ET Auto

Baua Electric

While SK On is pushing for LFP battery production, the firm is also developing prismatic and cylindrical-type EV batteries. Choi did not disclose the names of automakers but said the company plans to start mass producing LFP batteries once discussions are finalized. We have to compete with the Chinese LFPs.