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NEWS TAGGED HUNGARY
Tuesday 25 March 2025
European Commission probes Chinese subsidies behind BYD's US$4.3B Hungary EV plant
The European Commission has opened a preliminary investigation into whether Chinese electric vehicle (EV) giant BYD received unfair government subsidies for its planned factory in...
Friday 13 December 2024
BYD expands European EV production; Gotion targets battery growth in Morocco and Slovakia
The European Union's newly imposed tariffs on Chinese electric vehicles (EVs) are sending a ripple of concern through the global auto industry. In response, BYD, the top EV manufacturer...
Wednesday 30 October 2024
Chinese EV makers rush EU shipments ahead of 35% tariff initiation
Chinese electric vehicle manufacturers are accelerating their European shipments ahead of potential anti-subsidy tariffs of up to 35% that could take effect from November 1. While...
Thursday 29 February 2024
BYD's amphibious EV goes down swimmingly at Geneva International Motor Show
China's EV maker BYD debuted its amphibious EV at the Geneva International Motor Show.
Friday 2 February 2024
BYD secures land for Hungary plant, planning to bring Denza to Europe
China-based BYD took a step forward to localize its production in Europe. The automaker signed a preliminary land sales and purchase agreement with the municipality of Szeged, Hungary,...
Monday 25 December 2023
BYD confirms plan to build EV production base in Hungary
Chinese automotive giant BYD announced that it will construct an EV production plant in Hungary. As the company continues to experience overseas sales increase, the project is expected...
Tuesday 5 September 2023
LG Magna e-Powertrain to build first European production facility in Hungary
LG Magna e-Powertrain, a joint venture between LG Electronics and tier-1 automotive supplier Magna International, announced on September 4 that it will build a new production facility...
Thursday 11 May 2023
China-based Eve Energy will build battery plant in Hungary to support BMW
Another China-based battery company has expanded to Hungary. Eve Energy recently bought land in Debrecen to build its first European plant, slated to begin operation in 2026. The...
Thursday 20 April 2023
CATL targets this summer to start constructing Hungarian plant
Battery maker CATL revealed that it aims to begin building Europe's largest battery plant this summer. It said the Hungarian project will reach 100GWh in production capacity and support...
Monday 28 November 2022
BMW doubles investment to EUR$2 billion in Hungary EV plant
BMW AG is doubling its investment at its Hungarian factory to EUR2 billion ($2.1 billion), adding a high-voltage battery assembly facility that will create more than 500 jobs.
Thursday 13 October 2022
Keen battery capacity expansions in China spark worry about possible supply glut
China's top-3 power battery makers Contemporary Amperex Technology (CATL), Ganfeng Lithium Group and EVE Energy have been aggressively proceeding with capacity expansions, with their...
Monday 15 August 2022
CATL to invest EUR7.34 billion to build battery plant in Hungary
Proceeding with its goal of setting up a local battery value chain, the world-leading manufacturer CATL recently announced a plan to build a second battery plant in Europe. The facility...
Thursday 15 July 2021
Digital signature authentication: Q&A with Hungarian startup Birosign CEO Balazs Nagy
Although digital signature of remote documents is no longer a problem, how to distinguish the authenticity of signature documents and how to verify that the signature is made by the...
Friday 21 September 2018
Sinbon opens new plant in Hungary
Taiwan-based IPC component and solution provider Sinbon Electronics has unveiled its new plant in Tatabanya, Hungary that will be used primarily for the development and manufacturing...