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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. SK’s first and second European plants are also located in Hungary (Komárom); the expected third plant will be the largest.

Hungary 186
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BYD inks preliminary land purchase in Hungary for plant that will build EVs for Europe

Baua Electric

Two months after announcing it had selected Hungary as the desired location of its first passenger EV production facility in Europe, Build Your Dreams (BYD) has completed a preliminary sales agreement for the Hungarian land those facilities should eventually sit atop. FTC: We use income earning auto affiliate links.

Hungary 52
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Toyo Ink opens Lioaccum CNT conductive dispersion factory in Hungary for Li-ion batteries for EVs; supplying SK On

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the Japan-based parent company of the specialty chemicals manufacturer Toyo Ink Group, announced the official opening of a new wholly-owned manufacturing subsidiary, Toyo Ink Hungary LLC, in Ujhartyan in Pest County, Hungary. The production facility is operating in a 5,964 m 2 building on 44,806 m 2 of land.

Hungary 170
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Schaeffler opens new dedicated e-mobility plant in Hungary; expects €2-3B in annual e-mobility orders from 2022 on

Green Car Congress

Automotive and industrial supplier Schaeffler has opened a new production facility at its Szombathely location in the west of Hungary. Designed as a “factory for tomorrow,” it features a high degree of automation, modular production buildings, and end-to-end digitalization. Image: Schaeffler.

Hungary 221
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GS Yuasa to set up SLI lithium-ion battery plant in Hungary

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GS Yuasa Corporation will establish a manufacturing subsidiary company, GS Yuasa Hungary Ltd. in Hungary and build a new plant for lithium-ion batteries. These batteries will be used for SLI (Starting, Lighting, and Ignition) applications which are expected to be expanded in the European market.

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EcoProBM, SK On and Ford to invest C$1.2B to build NCM cathode manufacturing facility in Bécancour, Québec

Green Car Congress

billion (US$886 million) to build a cathode manufacturing facility that will provide materials that ultimately supply batteries for Ford’s future electric vehicles. —SK On Chief Commercial Officer Min-suk Sung For EcoProBM, Canada is the second global market expansion after Hungary and marks the company’s entry into North America.

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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