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BYD to Build EV Factory in Hungary for Localised Production in Europe

Electric Cars Report

BYD, Chinese leading electric vehicle manufacturer, announced the next stage of its European strategy with the construction of a brand-new manufacturing and production centre in Szeged, Hungary.

Hungary 104
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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.

Hungary 195
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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

Green Car Congress

More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Battery production capacity equivalent to 18 million electric cars—1.2 Europe must act or risk losing it all.

Companies 430
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BMW Group announces local production of NEUE KLASSE in China from 2026, new gen 6 battery plant

Green Car Congress

(BBA) joint venture, Milan Nedeljković, member of the Board of Management of BMW AG responsible for Production, announced local production of the NEUE KLASSE in China. The high-voltage batteries required for this will likewise be manufactured locally. These batteries will be used in the models of the NEUE KLASSE.

BMW 457
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Mercedes-Benz expands battery supply partnership with CATL and new €7.34B battery plant in Hungary

Green Car Congress

Mercedes-Benz is taking another step to scale up development and production of next-generation high-performance battery cells and modules by expanding its battery supply relationship with CATL through CATL’s newly announced battery plant in Debrecen, Hungary. The project will supply both cells and modules to European automakers.

Hungary 195
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BYD Signs Preliminary Sales and Purchase Agreement for EV Factory in Hungary

Electric Cars Report

BYD, the world’s leading manufacturer of new energy vehicles, initiates the preliminary phase of its state-of-the-art NEV production facility in Hungary with the signing of the Preliminary Sales and Purchase Agreement in an official ceremony held on 30th January 2024.

Hungary 98
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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. The Toray Group will continue to develop, manufacture, and supply battery separator film and coating in Japan and Korea.

Hungary 186