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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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BMW Group to invest more than €2B in Hungarian plant Debrecen by 2025; new high-voltage battery assembly

Green Car Congress

The BMW Group is building a high-voltage battery assembly for the vehicles of the NEUE KLASSE at its site in Hungary. The close link between battery assembly and vehicle production is part of our strategy. The company will create more than 500 additional jobs and invest more than €2 billion (US$2.1

BMW 417
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BMW investing €400M in new vehicle assembly at Munich plant as part of shift to electromobility; engine production being concentrated at Steyr and Hams Hall

Green Car Congress

The company is investing €400 million in a new vehicle assembly at the main plant in Munich. The combustion engines with four, six, eight and 12 cylinders produced there will be manufactured at the company’s locations in Steyr in Austria and Hams Hall in the UK going forward. —Milan Nedeljkovi?. —Milan Nedeljkovi?.

BMW 396
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Rolls-Royce to power Vertical Aerospace’s all-electric eVTOL UAM aircraft

Green Car Congress

Around 150 Rolls-Royce engineers based in countries including Hungary, Germany, US and the UK will work with the Vertical Aerospace team on developing the aircraft which is aiming to be one of the world’s first certified eVTOLs.

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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. The company is now transferring the blue print of “Factory 56” to a complete factory.

Hungary 150
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Brussels plant kicks off production for the new Audi Q8 e-tron

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From 2025, production at all Audi plants will be carbon neutral as part of the company-wide environmental program Mission:Zero. The companies that supply the battery cells are obliged to use only renewable energy sources for production.

Audi 195
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Toray to enter large tow carbon fiber business via $584M acquisition of Zoltec; wind and automotive markets

Green Car Congress

is acquiring Zoltek Companies, Inc. The global demand for PAN-based carbon fibers is expected to expand at an annual growth rate of exceeding 15% as an advanced material which contributes not only to energy saving through weight reduction but also to the spread of renewable energy. Toray Industries, Inc. per share).