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Hungary

SK Innovation ‘building first China battery plant’

Tue, 08/28/2018 - 12:10 -- John Shepherd

SK Innovation has reportedly started building its first battery cells giga plant in China – with the goal of establishing a production “triangle” encompassing China, Korea and Europe.

The South Korea-based company, whose businesses include oil refining and chemicals, told local media it had started preparing the site for the new factory in Changzhou, Jiangsu Province.

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Doosan follows Korean battery firms to Hungary with copper foil plant

Tue, 07/10/2018 - 12:11 -- Xuan Zhong
Doosan follows Korean battery firms to Hungary with copper foil plant

The Doosan Corporation has become the latest Korean player beating a path to Hungary to compete for a slice of Europe’s electric vehicle battery components business.

The company is to start building a battery-grade copper foil manufacturing plant in Tatabánya, northwestern Hungary this year— and begin producing 50,000 tons of the material annually from mid-2019.

 

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GS Yuasa to expand lithium business with Hungary plant

Mon, 01/22/2018 - 10:38 -- John Shepherd
GS Yuasa to expand lithium business with Hungary plant

Japan-based lead-acid company GS Yuasa is expanding its push into the lithium battery business by building a EUR3.5 million ($4.2m) manufacturing plant in Hungary.

Hungary’s government is backing the project in the city of Miskolcz, in northeastern Hungary, with a non-repayable grant worth around $1.8m. Construction work is set to start next month.

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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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