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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

Green Car Congress

Tesla in Berlin, Northvolt in northern Germany and Italvolt near Turin are among the projects that stand to lose the greatest volumes of their slated capacity as the companies weigh up investing in the US instead. Battery investment in the US and China continued to grow, and European companies have already signalled expansion in America.

Companies 430
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Stellantis prepares Szentgotthard plant electric drive modules production

Electric Cars Report

Stellantis intends to increase production capacity of electric drive modules (EDMs) by adding production in Szentgotthard, Hungary, targeted to begin in late 2026.

Hungary 52
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BMW Investing Big In New Hungarian Battery Plant

CleanTechnica EVs

Want to know whether a company is serious about building EVs? Don’t take even its final assembly plants for granted, especially if it’s on a flexible architecture. The truth is, if you really want to know whether a company is going to build EVs, you have to see […]. Don’t take its plans at face value.

BMW 98
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China’s Chery to set up shop in Europe

Baua Electric

Spain is also opening two tenders this year for EV companies to request a total €1.7 billion in loans and grants for EV production, which is part of the PERTE scheme of incentives that rely on European pandemic relief funds, according to Automotive News Europe.

Chery 52
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Europe’s Most Financed Luxury Car Brand

EV Info

This help to show that BMW is more of a bank than a car company. Porsche dominates the luxury car finance industry in the neighbouring eastern European countries of Hungary, Ukraine and Romania. Produced by Forza Finance, a specialist finance company providing loans and credit facilities for UK residents and businesses.

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This Computer Pioneer’s Invention Made Zoom Possible

Cars That Think

Philips was the largest electronics company in the world. He also consults for several companies. He enjoys academia, he says, because “you’re always surrounded by young people, so you’re constantly in contact with people who are asking questions and don’t take things for granted.” He had emigrated from the Netherlands.

Universal 131
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European consortium investigating graphene-based materials for lightweight cars; energy-efficient and safe vehicles

Green Car Congress

The grant opportunity allows the consortium to aim to deliver fundamental solutions to the key challenges faced by the future development of EESVs. While most partners are universities and research institutes, the share of companies, mainly SMEs, involved is increasing.

Italy 225