Remove Chinese Remove Companies Remove Hungary Remove Market
article thumbnail

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. This marks SKIET’s first large-scale supply of EV battery separators to a Chinese EV battery manufacturer.

Supplies 199
article thumbnail

Audi opens new R&D center in Beijing

Green Car Congress

Both the new R&D center in Beijing and the Audi FAW NEV Company in Changchun clearly prove the progress in transforming Audi’s business in China. With both projects, we are addressing the market-defining trends in the Chinese auto market, namely: electrification, digitalization, and sustainability.

Audi 368
article thumbnail

BMW Group announces local production of NEUE KLASSE in China from 2026, new gen 6 battery plant

Green Car Congress

Following the market launch in 2025, models of the next vehicle generation will also be produced from 2026 onwards by BBA in Shenyang. —Milan Nedeljković The BMW Group has had a presence in the Chinese market since 1994 and founded the BMW Brilliance Automotive joint venture in May 2003.

BMW 457
article thumbnail

Tesla supplier CATL sees massive income increase supported by EV market domination

Teslarati

Chinese battery maker and Tesla supplier CATL reported its earnings for 2022 today and showed a massive increase in overall income from the year prior, and it was supported largely by its domination in supplying EV makers with cells. The income was in line with the company’s preliminary guidance of between 29.1 billion and 31.5

Market 98
article thumbnail

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. In 2023, the company sold 1.6 BYD, the country’s dominant automaker in the world’s largest auto market, released its sales numbers yesterday. Chinese automakers expect to have sold some 9.4 million vehicles.

BYD 52
article thumbnail

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. The company did not disclose the how much it would invest in the centre.

Europe 52
article thumbnail

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 is also opening two tenders this year for EV companies to request a total €1.7 This would be Chery’s first manufacturing site in Europe.

Chery 52