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LG Magna e-Powertrain expands footprint with new facility in Hungary; 4th plant worldwide

Green Car Congress

LG Magna e-Powertrain, the Joint Venture (JV) between LG Electronics (LG) and Magna (Magna) formed in 2021 ( earlier post ), announced at IAA Mobility 2023 that it is expanding its footprint with a new facility in Miskolc, Hungary. This new facility seeks to amplify the growth of LG Magna e-Powertrain in the Europe-an market.

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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

Green Car Congress

South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Incorporated in 2018, Global Lithium was listed on the Australian Stock Exchange last year.

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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. With an investment of one billion euros, we are building in Hungary the first ‘Full-Flex Plant’ in the global production network of Mercedes-Benz Cars.

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BMW Vision Neue Klasse X SUV teased ahead of global debut on March 21

Baua Electric

The BMW Vision Neue Klasse X concept will make its debut on March 21 BMW has dropped the first teaser for the upcoming Vision Neue Klasse X SUV, which will make its global debut on March 21, 2024. The BMW Vision Neue Klasse X concept is expected to preview the upcoming range of cars based on the Neue Klasse EV platform.

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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. The MOU signing ceremony took place at Sunwoda Group’s headquarters in Shenzhen, China.

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Plug In America joins global alliance

Plug in America

Last week, 37 electric vehicle (EV) driver associations from 26 countries, including Plug In America, joined forces to create the Global EV Drivers’ Alliance, building a worldwide EV community. This goal is achievable; with more EVs hitting the market and EV technology is rapidly improving, the future of EVs is here.

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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 BMW Group is speeding up the shift towards electromobility and strengthening its global network for production of electrified vehicles. The future assembly and its production processes will be designed for a new cluster architecture geared towards electric drive trains.

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