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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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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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SK Innovation to spin off battery business and E&P business

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SK Innovation’s EV battery plant located in Seosan, South Korea. Currently, the company holds an annual battery production capacity of 40GWh, produced in various countries, including South Korea, the United States, China, Hungary. The SK Battery Co., The SK E&P Co., Earlier post.). Earlier post.).

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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. —Samsung SDI President Jun Young-hyun.

Hungary 170
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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

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South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Incorporated in 2018, Global Lithium was listed on the Australian Stock Exchange last year.

Supplies 259
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SK IE Technology to supply separators for EV batteries to Sunwoda

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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. SKIET has factories in South Korea, China, and Poland.

Supplies 199
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First international safety standard for Level 4 automated driving systems has been published

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The group included experts from Japan, USA, Canada, Australia, South Korea, China, Germany, France, the Netherlands, Hungary and the UK.

Standards 334