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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

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South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Incorporated in 2018, Global Lithium was listed on the Australian Stock Exchange last year.

Supplies 259
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SK Innovation to build a third European battery plant in Hungary; $2.29B by 2028, 30 GWh

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SK Innovation will initially invest US$1.148 billion in SK Battery Hungary (SKBH) to build its third European factory in Iváncsa, Hungary, with a production capacity of 30 GWh per year. This scale of output would supply batteries for approximately 430,000 cars based on 70 kWh per charging with a more than 400 km range.

Hungary 186
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Samsung SDI building Li-ion battery plant in Hungary; global triangular production structure

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Samsung SDI has decided to use Hungary as its Li-ion battery production base in Europe. The new battery plant will be built in Goed, north of Budapest in a 330,000 m 2 site, using existing facilities previously used for display production. —Executive Vice President Jeong SehWoong.

Hungary 150
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Alstom and MOL to explore use of hydrogen technologies for rail transport in Hungary

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Alstom and MOL, Hungary’s leading oil and gas company, have signed a Memorandum of Understanding to structure cooperation in examining the use of hydrogen technology in rail transportation. As part of its National Hydrogen Strategy, Hungary has been investigating the feasibility of introducing hydrogen technology to rail transportation.

Hungary 334
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BMW Group investing €800M in Plant San Luis Potosí in Mexico for NEUE KLASSE and battery assembly

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The BMW Group is investing €800 million in Plant San Luis Potosí in Mexico for integration of fully-electric models of NEUE KLASSE and construction of local high-voltage battery assembly. More than 500 additional employees will work there, producing next-generation batteries for fully-electric vehicles. Earlier post.)

Mexico 418
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Schaeffler opens new dedicated e-mobility plant in Hungary; expects €2-3B in annual e-mobility orders from 2022 on

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Automotive and industrial supplier Schaeffler has opened a new production facility at its Szombathely location in the west of Hungary. The range of products produced at the Szombathely II plant includes electric motor components. The new plant also highlights our ambitions to continue our strong growth in e-mobility.

Hungary 221
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Rolls-Royce developing turbogenerator technology for hybrid-electric aviation applications

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The system will be an on-board power source with scalable power offerings and will complement the Rolls-Royce Electrical propulsion portfolio, enabling extended range on sustainable aviation fuels and later as it comes available through hydrogen combustion.

Hybrid 448