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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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GS Yuasa to set up SLI lithium-ion battery plant in Hungary

Green Car Congress

GS Yuasa Corporation will establish a manufacturing subsidiary company, GS Yuasa Hungary Ltd. in Hungary and build a new plant for lithium-ion batteries. These batteries will be used for SLI (Starting, Lighting, and Ignition) applications which are expected to be expanded in the European market.

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Audi opens new R&D center in Beijing

Green Car Congress

With both projects, we are addressing the market-defining trends in the Chinese auto market, namely: electrification, digitalization, and sustainability. In a dedicated area, Audi Design China uses advanced digital tools such as VR headsets and digital drawing tablets to create the car designs of the future.

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SK IE Technology to supply separators for EV batteries to Sunwoda

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

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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.

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

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Following the market launch in 2025, models of the next vehicle generation will also be produced from 2026 onwards by BBA in Shenyang. Rendering of the future high-voltage battery assembly in Shenyang. The high-voltage batteries required for this will likewise be manufactured locally. BBA is investing RMB 10 billion (US$1.4

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

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Vertical Aerospace is a key collaboration for Rolls-Royce Electrical as it marks its first commercial deal in the UAM market and builds on previous agreements to work with partners on demonstrator programmes.