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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 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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Samsung SDI completes EV battery plant construction in Hungary; global production tripod

Green Car Congress

Samsung SDI has completed construction of its electric vehicle (EV) battery plant in Hungary. Through construction of the Hungary plant, Samsung SDI sets up a global electric vehicle batteries production tripod with plants in Ulsan, South Korea and Xian, China. —Samsung SDI President Jun Young-hyun.

Hungary 170
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NIO produces first battery swapping station for European market

Electric Cars Report

NIO’s Power Europe Facility in Hungary delivered its first Power Swap Station to Germany. This is a milestone in the acceleration of NIO Power’s development in the European market and the ability to provide more convenient power services for European users.

Hungary 117
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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. For all subscription models, NIO offers comprehensive insurance, maintenance, winter tires, a courtesy car and battery swapping, as well as the flexibility to upgrade battery services. NIO is committed to a comprehensive battery charging system in the new markets.

Market 243
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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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JATO Dynamics: in decline of Euro new car market, electrified vehicles increase share to almost 13%

Green Car Congress

The decline of the European new car market has continued throughout February. The situation is rapidly deteriorating in Europe due to complex regulation, lack of available homologated cars, and increasing pressure on the economy. This aligns to the negative results seen in January when volume fell by 7.6%. from last year.

Market 221