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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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Schaeffler opens new dedicated e-mobility plant in Hungary; expects €2-3B in annual e-mobility orders from 2022 on

Green Car Congress

Automotive and industrial supplier Schaeffler has opened a new production facility at its Szombathely location in the west of Hungary. The range of products produced at the Szombathely II plant includes electric motor components. Image: Schaeffler. —Klaus Rosenfeld, CEO of Schaeffler AG. million between 2026 and 2029.

Hungary 221
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BYD launches 3 new electric vehicles at the Paris Motor Show

Green Car Congress

BYD is launching three new battery-electric passenger vehicles in Europe at the Paris Motor Show, including the BYD ATTO 3, a C-segment SUV designed with the European customer in mind; the BYD TANG, a 7-seater with variable all-wheel drive; and the sporty sedan BYD HAN. The European market is not entirely new to BYD.

BYD 273
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UQM Technologies powers first all-electric mini bus in Hungary

Green Car Congress

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. in Hungary. UQM has developed and launched several additional new products over the past 12 months dedicated to the commercial vehicle market.

Hungary 255
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SK IE Technology to supply separators for EV batteries to Sunwoda

Green Car Congress

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. Shanghai Automotive Industry Corporation Motor, Volvo Cars, and Volkswagen.

Supplies 199
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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.

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Schaeffler introducing 4in1 electric axles for EVs

Green Car Congress

With the 4in1 electric axle, Schaeffler is now going one step further by integrating the thermal management system as well as the electric motor, power electronics, and transmission into the axle drive. The company is therefore entering a new market segment for electric axle drives.

Electric 369