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Toray, LG Chem to establish battery separator film joint venture in Hungary

Green Car Congress

Toray Industries and LG Chem have agreed to form a battery separator film joint venture in Hungary. LG Chem will invest US$375 million (around ¥43 billion) in Toray Industries Hungary Kft. LTHS), in which Toray and LG Chem each will hold a 50% interest. LTHS), in which Toray and LG Chem each will hold a 50% interest.

Hungary 186
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BYD inks preliminary land purchase in Hungary for plant that will build EVs for Europe

Baua Electric

Two months after announcing it had selected Hungary as the desired location of its first passenger EV production facility in Europe, Build Your Dreams (BYD) has completed a preliminary sales agreement for the Hungarian land those facilities should eventually sit atop. FTC: We use income earning auto affiliate links.

Hungary 52
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Frost & Sullivan: Li-ion battery materials market to reach $51.60B by 2027 from $18.75B in 2020; 15.6% CAGR

Green Car Congress

Frost & Sullivan projects that the global Li-ion battery materials market will reach $51.60 The advancements in battery chemistries and technologies, upsurge in electric vehicle (EV) sales, evolving regulatory scenario, and increasing consumer preferences toward EVs are expediting market growth worldwide.

Li-ion 170
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BYD is ‘just getting started’ in Europe with plans to triple its EV market share

Baua Electric

China’s BYD will challenge automakers in Europe with plans to triple its share in the EV market by 2025. After dominating its home market, BYD is expanding its brand overseas. BYD plans to expand EV market share in Europe BYD began selling vehicles in Europe in 2021, starting in Norway. share of Europe’s EV market.

BYD 52
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BYD sells over 3 million NEVs in 2023, electric car sales close gap to Tesla | Autocar Professional

Baua Electric

Chinese automaker BYD has concluded 2023 with record-breaking sales, which surpasses the 3 million annual sales target and retains its position the global new energy vehicle (NEV) sales champion, for the second year in a row. This year also marks BYD being listed among the global top 10 of car sales for the first time.

BYD 52
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China’s BYD tops 1.6 million BEV sales in 2023

Baua Electric

Adding up sales for all so-called new energy vehicles, including battery-only vehicles and hybrids, BYD sold 3 million vehicles in 2023. BYD, the country’s dominant automaker in the world’s largest auto market, released its sales numbers yesterday. Tallying up its year-end sales, it’s a massive 62% growth from 2022.

BYD 52
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JATO Dynamics: in decline of Euro new car market, electrified vehicles increase share to almost 13%

Green Car Congress

The decline of the European new car market has continued throughout February. —Felipe Munoz, global analyst at JATO Dynamics. As of 29 February, JATO data has shown that the impact of COVID-19 had yet to hit the European automotive market. Their global sales totaled 18.85 This is also pre-COVID-19.

Market 221