European Commission opens investigation into proposed public support for Samsung SDI battery plant in Hungary

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The European Commission has opened an in-depth investigation to assess whether Hungary's plans to grant €108 million of public support to Samsung SDI for investing in the expansion of its battery cell production facility in Göd (Hungary) is in line with EU rules on regional State aid. Samsung SDI is one of the main players in the fast growing market of lithium-ion battery market.

UQM Technologies powers first all-electric mini bus in Hungary

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in Hungary. UQM has developed and launched several additional new products over the past 12 months dedicated to the commercial vehicle market. UQM Technologies Inc. continues to broaden its global customer base, with a UQM PowerPhase electric motor and controller systems being used to power an all-electric mini bus built by Inter Tan-ker Ltd. This is the first all-electric mini bus to be approved for use by the Hungarian National Transport Authority.

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

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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. Lithium-ion batteries will be assembled in a new plant with lithium-ion cells made in Japan.

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. State-of-the-art technology of Samsung SDI will be applied to batteries to be made in this plant in Hungary. I expect the plant to contribute much to the growth of the European electric vehicle market.

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.

European car market logs best year for alternative fueled vehicles, lowest diesel share since 2001

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The European car market remained stable during 2018, as 15.6 It was the best result since 2007, when the market peaked with 16.02 Globally, Europe was the world’s third-largest car market behind China and the US. market share.

2001 97

Audi trials new digital sealing process at Gy?r paint shop

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r, Hungary, Audi is testing a new method of body sealing. Manufacturing Market Background RoboticsAt its paint shop in Gy?r, Before a car is given its paint finish, a paste-like sealing material is applied to areas such as the weld seams.

2019 116

Diesel new vehicle market share in Europe in February dropped to 39.5%; SUVs still driving growth

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The market share of diesel vehicles fell to 39.5% compared to the same month last year, meaning SUVs accounted for 33% of the total market in February. However, the performances of these markets offset volume declines in 13 other European markets.

2018 90

Toray to enter large tow carbon fiber business via $584M acquisition of Zoltec; wind and automotive markets

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Zoltek entered into large tow carbon fiber business in 1988, and acquired textile acrylic fiber plants in Hungary and Mexico in 1996 and 2007 respectively, and has been promoting development of large tow carbon fiber application and demand. Toray Industries, Inc. is acquiring Zoltek Companies, Inc. for approximately $584 million ($16.75 per share).

Northern Lights Energy and Reva Electric Car Company Sign Agreement to Develop the Electric Vehicle Market in Iceland

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Northern Lights Energy ( NLE ), the initiator of the 2012 charging infrastructure project and provider of infrastructure and services for electric vehicles (EV) based in Iceland, has signed an agreement with Reva Electric Car Company to jointly develop the electric vehicle market in Iceland.

UN: world population is expected to reach 9.7 billion in 2050 and could peak at nearly 11 billion around 2100

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These low values underscore the potential impact of population ageing on the labor market and economic performance, as well as the fiscal pressures that many countries will face in the coming decades as they seek to build and maintain public systems of health care, pensions and social protection for older persons. Forecasts Market BackgroundThe world’s population is expected to increase by 2 billion persons in the next 30 years, from 7.7 billion currently to 9.7

2019 78

Reports highlight ongoing advances in vehicle technology, consumer demand for fuel efficiency in US and Europe

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Registrations of new cars fell furthest in 2012 in Greece (-41%), Portugal (-38%) and Cyprus (-25%), while at the other end of the scale new cars increased by more than 12% in in Estonia and Hungary. Europe Fuel Efficiency Market Background Policy

2013 123

Valeo, Siemens JV for high-voltage electric powertrains starts operation: Valeo Siemens eAutomotive GmbH

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The electric vehicle components market is expected to grow with a compound annual growth rate of more than 20% until 2020. The joint company will include R&D centers in France (Cergy-Pontoise); Germany (Erlangen, Bad Neustadt); Norway (Drammen); and China (Shanghai) as well as plants in Germany (Erlangen, Bad Neustadt); Hungary (Veszprem); Poland (Czechowice); and China (Changzhou, Shenzen and Tianjin).

2016 83

Audi begins construction of first North American plant

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r (Hungary); Bratislava (Slovakia); Changchun (China); Aurangabad (India); Martorell (Spain); and Jakarta (Indonesia). Audi said that the SUVs will primarily strengthen its position in the North American market. Audi has begun construction on a more than €900-million plant, comprising a press shop, body shop and assembly line in San José Chiapa, Mexico—the company’s first plant in North America.

2013 92

Global Gas Prices | Hybrid Sales

Hybrid SUV Blog

car market. Hungary. sales of hybrid SUVs and other fuel efficient vehicles will prove interesting to watch this year, especially if fuel prices remain relatively low. Expert predictions about where oil and gas prices are headed vary widely.

2010 102

EEA: average CO2 emissions from new cars and new vans in Europe increased in 2018

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Moreover, the market penetration of zero- and low-emission vehicles, including electric cars, remained slow in 2018. The market share of gasoline vehicles also increased, constituting 3.6% Higher sales in Poland (+46%), Croatia (+28%) and Hungary (+21%) were accompanied by lower sales in Italy (-6%) and Spain (-5%). However, the market share of gasoline vans has been increasing since 2016.

2019 89

DAF trucks showcases electric and hybrid trucks at IAA CV

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DAF said it will be ready to introduce these trucks when the market is ready. DAF’s heavy-duty market share in Europe grew from 15.3% In Germany—the largest truck market in Europe—DAF is the largest import brand.

2018 102

Ford Focus 1.0L EcoBoost model accounts for 23.3% of Focus orders in April in Europe

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of the Ford Focus models in Europe’s major 19 markets. The Euro 19 markets are: Austria, Belgium, Britain, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden and Switzerland. The 1.0-liter EcoBoost engine is an example of an innovation arriving to market at just the right time, when customers are looking for a very fuel efficient but still-fun-to-drive petrol engine.

Audi newly to begin production in Brazil in 2015; $200M investment in Curitiba

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To achieve that target, the company is making large investments at its large production sites in Germany and Hungary and is significantly expanding its production network outside Europe. In addition, by producing locally, Audi can avoid an additional tax of 30% and thus be active in the growing Brazilian market with competitive prices.

2013 73

EEA Report: Trends in European Transport Are Heading in the Wrong Direction

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Rail and inland waterway freight recorded increases of 11% and 17% respectively but saw their market share decline. Tags: Climate Change Emissions Europe Market Background Policy Indexed European transport sector greenhouse gas emissions, 1990-2006. Source: EEA. Click to enlarge.

2009 78

Mercedes-Benz to invest ~€500M to produce electric compact EQ model at Hambach plant

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In Germany the smart brand is the market leader among all-electric vehicles in the first quarter of 2018. The production network of the new generation of compact cars includes the plant in Kecskemét, Hungary, the BBAC production site in Beijing, the COMPAS plant in Aguascalientes (Mexico) as well as the Finnish manufacturing service provider Valmet Automotive. Mercedes-Benz Cars is expanding its production capacities for electric cars in Europe.

2018 75

New Car Registrations in Europe Down 18.3% in February

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The downturn was more marked in the new EU Member States (-30.3%) than in Western Europe (-17.3%), where the German market pushed aggregate registrations upward. Two months into the year, the European market was down 22.6% growth, carried by strong demand in certain market segments following the recent motor vehicle tax reform and scrapping bonus introduced by the German government. The downturn of the French market was cushioned by fleet renewal incentives as well.

Daimler contracts with Valmet to increase production of new A-Class

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Market launch will be in mid-September. The new Mercedes-Benz compacts are produced in a network of the Mercedes-Benz plants in Rastatt, Germany, and Kecskemét, Hungary. It furthermore plans to build premium compact cars for the Chinese markets locally and close to the customers in the future.

2012 78

Teijin Frontier to acquire J.H. Ziegler; addressing EV demand

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The company also produces market-leading top-quality sound-absorbing materials and nonwovens for home interior and heat insulation use. The company operates five facilities globally, including three in Germany and one each in Hungary and China, and employs approximately 400 staff. Teijin Frontier Co., the Teijin Group’s fiber and products converting company, agreed to acquire J.H.

2018 60

Mercedes-Benz Rastatt plant to produce compact electric EQ vehicles; 3rd center of competence for EQ models in Germany

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The company will decide on the basis of market demand which foreign locations will produce further EQ models within the production network. The production compound of the current compact car generation further includes the plant in Kecskemét, Hungary (production: B-Class, CLA, CLA Shooting Brake), the Chinese production location BBAC (Beijing-Benz Automotive Co.

2017 69

Siemens and Valeo to form joint venture in high-voltage electric powertrains

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Siemens said that the electric vehicle components market is expected to grow with a compound annual growth rate of more than 20% until 2020. This joint venture also illustrates the ability of European companies to develop leading industrial partnerships to bring breakthrough technologies to the global market. The company’s structures will be lean and adapted to global market requirements and the international competitive environment.

2016 65

Audi going to the moon; Audi lunar e-quattro rover

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—Luca de Meo, Audi Board Member for Sales and Marketing. Participants in the competition, in addition to Part‑Time Scientists, include 15 teams from around the world including Brazil, Canada, Chile, Hungary, Japan, Israel, Italy, Malaysia and the United States.

2015 112

DAF Putting LF Hybrid Truck Into Production; Eaton Hybrid System

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DAF is starting to supply the LF Hybrid in the UK, the Netherlands, Germany, France and Belgium; countries in which market research has shown that the interest in hybrid vehicles is highest. In Germany—the largest truck market in Europe—DAF has achieved a market share of 12.1%.

Eaton 97

Ipsos study finds US among most skeptical of Autonomous Vehicles

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Although there is widespread interest in autonomous vehicles (AVs), the US—one of the largest auto markets in the world—expresses higher levels of resistance than most nations, according to a new study by Ipsos, a leading global market research firm.

2018 60

Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

News | Markets | Technology | Personal Finance | Small Business | CNN.com RSS Newsletters Video Home Fortune 500 Technology Investing Management Rankings Warren Buffett takes charge Warren Buffett hasnt just seen the car of the future, hes sitting in the drivers seat. The E6 will hit the Chinese market later this year. It was announced in late September, as the global financial markets teetered on the abyss. market, where the economics of electric cars are not as compelling.

2009 51

New Mercedes-Benz compact CLA Shooting Brake; up to 60 mpg

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More than a fifth of the compact cars built by Mercedes-Benz stay in Germany, with Great Britain and Italy the next-largest markets. The CLA Shooting Brake is built at the company''s plant in Kecskémet, Hungary.

2014 98

Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

BYD’s conventional gas-powered cars are selling well these days in China, and his electric plug-in electric model looks like it will come to market with a longer range and a lower sticker price than the new Toyota Prius much-hyped Chevy Volt.

Opel introducing new 1.6L SIDI engine with start-stop system; 3 new engine generations over next 12 months part of major turnaround plan

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Production at the Szentgotthardt plant in Hungary will begin in late 2012. Export initiative: Opel wants to enter new markets, including Australia, North Africa, South America and the Middle East.

2012 98

Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

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No single technology proves the cheapest form of electricity generation under all circumstances: many factors determine the final cost of any investment, principally local influences such as market structure, policy environment and resource endowments.

2015 97

Remy International, Inc. Supplying HVH Electric Motors to Daimler for 2010 Mercedes-Benz ML450 Two-Mode Hybrid

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is supplying Daimler with HVH (High Voltage Hairpin) electric motors for the two-mode hybrid transmissions used in the 2010 Mercedes-Benz ML450 Hybrid ( earlier post ) recently released to the United States market.

2010 98

GM introducing new generation of modular 3- and 4-cylinder Ecotec engines; 11 variants from 1.0L to 1.5L

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liters) featuring a modular architecture that broadens its adaptability to global markets and reduces manufacturing complexity while offering customers efficiency, refinement and durability. Shenyang, China; Szentgotthárd, Hungary; Toluca, Mexico; and Changwon, South Korea.

2014 116

Downsized 4.0 TFSI for Audi S8 cuts fuel consumption 23% compared to predecessor; cylinder deactivation and start-stop

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TFSI twin turbo V8 for the upcoming Audi top-of-the-line S8 ( earlier post ), due on market in early summer 2012, develops 382 kW (520 hp), while consuming 10.2 Technologies such as plate honing are used during assembly of the V8 at the Audi plant in Györ, Hungary. Audi S8 4.0