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Hungary

Korean battery makers line up in Europe

Tue, 12/05/2017 - 11:15 -- News Editor
Korean battery makers line up in Europe

Further evidence of a Korean “land grab” of future European EV markets came last week with SK Innovation's announcement that it plans to invest around KRW1 trillion ($920 million) to build an electric vehicle (EV) battery plant in Hungary and to expand production facilities for EV batteries in South Korea.

The battery maker said it would set aside KRW840 billion for the Hungary plant, which it will start building in February. By 2020, the plant will be capable of producing 7.5GWh of batteries each year.

 

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Energy firm launches storage R&D project for renewables

Thu, 06/29/2017 - 15:33 -- Paul Crompton
Energy firm launches storage R&D project for renewables

Hungarian energy firm Alteo is launching a project valued at around HUF 1.1 billion ($4 million) aimed at creating an “innovative” battery-based storage model for “weather-dependent” energy sources.

The project, which is backed by an HUF500 grant from Hungary’s National Research and Development and Innovation Office (NKFIH), will focus on developing a system to make it easier to forecast and plan the utilisation of weather-dependent power supplies, Alteo said.

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Hungary plant to feed 50,000 EVs

Thu, 06/08/2017 - 10:24 -- Xuan Zhong
Hungary plant to feed 50,000 EVs

Samsung SDI says its new EV battery plant in Hungary will start production in 2018.

The 330,000sq m site in Goed, north of Budapest, is capable of producing batteries for 50,000 electric vehicles annually. Production is due to begin in the second quarter of next year.

 

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Samsung targets European EV battery market with latest move

Wed, 09/07/2016 - 12:41 -- Paul Crompton
Samsung targets European EV battery market with latest move

Battery maker Samsung SDI has begun construction of its lithium-ion plant in Hungary to supply the European electric vehicle market.

The South Korean firm new facility in Hungary will enable it to establish a triangular production structure along with existing plants in Ulsan, Korea and Xian, China.

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