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Nio to open first overseas facility in Hungary

Electric Cars Report

Chinese premium electric vehicle manufacturer Nio has announced plans to open its first overseas facility in Budapest, Hungary, in September 2022. Located in Pest in the eastern part of the city, the new 10,000 square meters facility will manufacture power products including battery-swapping stations for the European market.

Hungary 104
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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.

Supplies 199
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BMW Group announces local production of NEUE KLASSE in China from 2026, new gen 6 battery plant

Green Car Congress

Following the market launch in 2025, models of the next vehicle generation will also be produced from 2026 onwards by BBA in Shenyang. The high-voltage batteries required for this will likewise be manufactured locally. 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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Benchmark: Li-ion battery pipeline could exceed 6 TWh by end of decade

Green Car Congress

Total lithium-ion capacity existing or being built has doubled since the beginning of 2021, following announcements of new plants by Chinese and South Korean battery producers, according to Benchmark’s Gigafactory Assessment. Battery capacity is currently growing at twice the speed of lithium raw material supply. trillion (US$1.4

Li-ion 199
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Tesla supplier CATL sees massive income increase supported by EV market domination

Teslarati

Chinese battery maker and Tesla supplier CATL reported its earnings for 2022 today and showed a massive increase in overall income from the year prior, and it was supported largely by its domination in supplying EV makers with cells. It is continuing to expand into other markets as well, including Hungary.

Market 85
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Mercedes introducing EQB compact electric SUV in Shanghai

Green Car Congress

The market launch in China is scheduled for this year. After Europe, the international version of the EQB, produced in Kecskemét, Hungary, will be launched at the end of the year, followed by the US market launch in 2022. Ltd (BBAC), a joint venture between Daimler and its Chinese partner BAIC Group.

Mercedes 243
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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. market at all.