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CATL to build €7B battery plant in Hungary, its second in Europe

Teslarati

Chinese battery manufacturer Contemporary Amperex Technology Co., billion to build a 100 GWh battery plant in Hungary. The Debrecen, Hungary battery plant would join CATL’s Munich, Germany facility as the second for the company in Europe. CATL announced on Friday that it would invest €7.34

Hungary 98
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SK IE Technology to supply separators for EV batteries to Sunwoda

Green Car Congress

The MOU signing ceremony took place at Sunwoda Group’s headquarters in Shenzhen, China. SKIET plans to supply separators produced at its Changzhou factory in China to Sunwoda. This marks SKIET’s first large-scale supply of EV battery separators to a Chinese EV battery manufacturer.

Supplies 199
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China says it will ‘rein in’ the flood of EVs coming our way

Baua Electric

BYD Atto 3 (Source: BYD) Europe and the US say that Chinese EV development is running wild and unchecked and on the verge of overwhelming the global market with, well, EVs the rest of the world can’t compete with. China’s EV industry is a true powerhouse, and one of the few economic bright spots for the country, reports the FT.

China 52
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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. China’s CATL, Panasonic, BYD, Envision AESC, LG Energy Solution, SK Innovation, and Samsung SDI.

Li-ion 199
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China’s BYD tops 1.6 million BEV sales in 2023

Baua Electric

The Atto-3 SUV / Source: BYD Europe It was a huge year for profits at Chinese auto behemoth BYD. billion in the first half of last year, according to Car News China. Of course, the Chinese EV market is booming – but looking at the numbers, it’s pretty staggering. Chinese automakers expect to have sold some 9.4

BYD 52
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SAIC’s MG to open second Europe parts centre by the summer – ET Auto

Baua Electric

MG Motors, a unit of Chinese automaker SAIC, will open a second European parts centre by the summer of 2024 in France to meet the country’s growing demand for its vehicles, a spokesperson told Reuters on Thursday. SAIC is currently evaluating whether to build a factory in Europe.

Europe 52
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China’s Chery to set up shop in Europe

Baua Electric

Chinese automaker Chery is planning to make cars in Spain, where the EV market is at just 12%, half that of Portugal and France. Spain’s Industry Ministry said in a statement that the agreement would be formalized in the next few days, with Chery planning to start production in Barcelona, according to Reuters. Get started here.

Chery 52