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Nio to open first overseas facility in Hungary

Electric Cars Report

Chinese premium electric vehicle manufacturer Nio has announced plans to open its first overseas facility in Budapest, Hungary, in September 2022. Located in Pest in the eastern part of the city, the new 10,000 square meters facility will manufacture power products including battery-swapping stations for the European market.

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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.

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NIO produces first battery swapping station for European market

Electric Cars Report

NIO’s Power Europe Facility in Hungary delivered its first Power Swap Station to Germany. This is a milestone in the acceleration of NIO Power’s development in the European market and the ability to provide more convenient power services for European users.

Hungary 117
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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.

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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. As of 29 February, JATO data has shown that the impact of COVID-19 had yet to hit the European automotive market. This is good news, as the industry’s electrification plans have finally seen a positive response from consumers.

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BYD expands reach in Europe with best-selling Atto 3, Seal EV launching in Greece

Baua Electric

After dominating its home market, BYD is taking its best-selling EVs overseas to challenge legacy automakers. share of the European EV market. In an interview with Automotive News Europe last week, Shu said BYD is just learning “how Europeans respond” to the new tech, products, and services it offers.

Greece 52
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Tesla supplier CATL sees massive income increase supported by EV market domination

Teslarati

As of 2022, CATL said it controlled more than one-third of the total battery market globally, 37 percent, to be precise. GWh of battery capacity last year, while LG Energy and BYD, the second and third-place companies in terms of total market share, both installed 70.4 CATL installed 191.6

Market 77