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

Green Car Congress

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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NIO’s expansion into German, Dutch, Danish and Swedish markets coming with buildout of battery swap stations

Green Car Congress

This expansion follows NIO’s entry into the Norwegian market last year. The company also said that it plans to build 20 Power Swap Stations (PSS) in Europe this year. By 2025, NIO aims to build 1,000 PSS outside of China, most of which will be in Europe. In 2023, this number is expected to reach 120.

Market 243
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Audi opens new R&D center in Beijing

Green Car Congress

The move to the new Audi China Building, opening nearly 10 years after its predecessor, is also a significant milestone in Audi’s more than three-decade long history in China. The new Audi China Building supports Audi’s efforts to establish additional research and production capacities in the country. —Audi CEO Markus Duesmann.

Audi 368
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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. Overall, the company is investing €1 billion in the new car plant and creating more than 2,500 jobs. This includes passenger cars with a wide variety of body and drive variants.

Hungary 150
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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. Shanghai Automotive Industry Corporation Motor, Volvo Cars, and Volkswagen.

Supplies 199
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BYD is ‘just getting started’ in Europe with plans to triple its EV market share

Baua Electric

China’s BYD will challenge automakers in Europe with plans to triple its share in the EV market by 2025. After dominating its home market, BYD is expanding its brand overseas. BYD plans to expand EV market share in Europe BYD began selling vehicles in Europe in 2021, starting in Norway. share of Europe’s EV market.

BYD 52
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BMW Group to invest more than €2B in Hungarian plant Debrecen by 2025; new high-voltage battery assembly

Green Car Congress

The BMW Group is building a high-voltage battery assembly for the vehicles of the NEUE KLASSE at its site in Hungary. In Debrecen, the next-generation round battery cells ( earlier post ) will be assembled into a battery housing—a metal frame, which is later integrated into the underbody of the car.

BMW 417