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Toyo Ink opens Lioaccum CNT conductive dispersion factory in Hungary for Li-ion batteries for EVs; supplying SK On

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the Japan-based parent company of the specialty chemicals manufacturer Toyo Ink Group, announced the official opening of a new wholly-owned manufacturing subsidiary, Toyo Ink Hungary LLC, in Ujhartyan in Pest County, Hungary. Toyo Ink SC Holdings Co.,

Hungary 170
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Samsung SDI completes EV battery plant construction in Hungary; global production tripod

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Samsung SDI has completed construction of its electric vehicle (EV) battery plant in Hungary. Through construction of the Hungary plant, Samsung SDI sets up a global electric vehicle batteries production tripod with plants in Ulsan, South Korea and Xian, China.

Hungary 170
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Alstom and MOL to explore use of hydrogen technologies for rail transport in Hungary

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Alstom and MOL, Hungary’s leading oil and gas company, have signed a Memorandum of Understanding to structure cooperation in examining the use of hydrogen technology in rail transportation. As part of its National Hydrogen Strategy, Hungary has been investigating the feasibility of introducing hydrogen technology to rail transportation.

Hungary 334
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EcoProBM, SK On and Ford to invest C$1.2B to build NCM cathode manufacturing facility in Bécancour, Québec

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billion (US$886 million) to build a cathode manufacturing facility that will provide materials that ultimately supply batteries for Ford’s future electric vehicles. This new facility—Ford’s first investment in Québec—is part of the automaker’s plan to localize key battery raw material processing in regions where it produces EVs.

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

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—Julia Poliscanova, senior director for vehicles and emobility at T&E Germany, Hungary, Spain, Italy and the UK stand to lose the most if battery-makers change their plans. There is a medium risk to Northvolt’s planned gigafactory in Heide, Germany, as the company has only secured part of the funding and has not started construction.

Companies 430
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Mercedes-Benz Cars invests €1B in new “Full-Flex” car plant in Hungary; Factory 56 applied to full plant

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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.

Hungary 150
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Ford sources battery capacity and raw materials for 600K EV annual run rate by late 2023, 2M by end of 2026; adding LFP

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The company detailed its global vehicle portfolio plans supporting these production goals as part of its Ford+ plan. Ford expects a compound annual growth rate for EVs to exceed 90% through 2026, more than double forecasted global industry growth. BHP: For nickel supply from BHP’s Nickel West operations in Australia.

Ford 221