BERLIN, Sept. 4 (Korea Bizwire) – LG Magna e-Powertrain, LG Electroincs’ joint venture with Canadian auto parts maker Magna International Inc., said Monday it will build an electric vehicle (EV) components factory in Hungary. The new 26,000-square-meter production base, the company’s first in Europe, will be built in the northeastern city of Miskolc by 2025, [...]
SEOUL, July 18 (Korea Bizwire) — South Korea’s SK Innovation Co. will receive incentives worth 90 million euro (US$106 million) from the Hungarian government for investing in the country with a project to build a battery plant, the company said Sunday. The energy and chemical subsidiary of the nation’s No. 3 conglomerate, SK Group, has [...]
SEOUL, Nov. 20 (Korea Bizwire) — Doosan Solus Co., a South Korean copper foil maker, said Friday that it has commenced the commercial production of battery cooper foil at its Hungary plant. Last August, Doosan Solus completed its battery copper foil plant in Hungary with a capacity of 10,000 tons. The company plans to increase [...]