article thumbnail

BYD to Build EV Factory in Hungary for Localised Production in Europe

Electric Cars Report

BYD, Chinese leading electric vehicle manufacturer, announced the next stage of its European strategy with the construction of a brand-new manufacturing and production centre in Szeged, Hungary.

Hungary 104
article thumbnail

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.

Hungary 104
article thumbnail

SK IE Technology to supply separators for EV batteries to Sunwoda

Green Car Congress

This marks SKIET’s first large-scale supply of EV battery separators to a Chinese EV battery manufacturer. In addition, they plan to build a mid-to-long term strategic cooperative relationship in the Chinese electric vehicle market. The MOU signing ceremony took place at Sunwoda Group’s headquarters in Shenzhen, China.

Supplies 199
article thumbnail

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

Green Car Congress

—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. Over the past 20 years, the BMW Group has continuously expanded its activities in China, and production capacity in Shenyang has increased from 30,000 to 830,000 units.

BMW 457
article thumbnail

BYD EV plant in Mexico under consideration

Teslarati

Tesla’s rival BYD is considering Mexico for its new electric vehicle (EV) plant. The Chinese automaker aims to expand its global presence and sees Mexico as an excellent place to reach its goals. It opened facilities in Thailand this year and announced plans to build a production site in Hungary in the next three years.

Mexico 73
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. million fully battery-electric vehicles last year, coming close to Tesla’s projected goal of 1.8 million vehicles. Of course, the Chinese EV market is booming – but looking at the numbers, it’s pretty staggering.

BYD 52
article thumbnail

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. LG Energy Solutions said it would invest KRW 1.7 trillion (US$1.4

Li-ion 199