Electric cars overtake diesel in Romania
Electric and hybrid cars are gaining ground in Romania, as the segment represented over 20% of all new cars sold in...
Austria leads CEE for most new cars, Estonia regional laggard
The number of battery-only electric passenger cars in the EU neared 3mn in 2022, up 55% from 1.9mn in 2021, according...
Road Ending for Fossil Fuel Cars in EU
It's looking like the end of the road for fossil fuel-burning cars (even hybrids) in Europe, according to the European Union's...
Hungarian Electricity Company Aims Further Regional Expansion
The net sales of Hungary's MVM Group amounted to HUF 1,835 billion last year, which is EUR 71,8 million higher than...
Romania least reliant on gas imports in EU – analysis
Europe remains heavily reliant on energy imports even after recent crises, as dependence on Russia has been replaced by that on...
Romanian e-vehicle market grew by over one-third in 2023
More than 42,000 electric cars have been registered, so far, in Romania, of which around 16,800 only in 2023, 35% more...
Chinese vehicle maker BYD plans plant in Szeged
After months of speculation, Hungarian Foreign Minister Peter Szijjarto announced that China's BYD will build its first electric vehicle (EV) factory...
Japanese firm leads Czech hybrid market
The number of cars with a hybrid drive sold in Czechia increased by almost 41% to 25,987 in the first eight...
Polish auto industry posts record numbers
The Polish automotive industry grew by over 21.5% last year to hit an all-time high of EUR 39.7bn, Gazeta Wyborcza reported,...
EU plan to source local raw materials will boost mining, battery industries in CEE – CET analysis
The EU’s mooted 'critical raw materials (CRM) law' would strengthen the EU’s autonomy by reducing its reliance on third countries for...
Batteries are powering CEE’s e-mobility transition – CET analysis
As the EU accelerates its shift to electric vehicles by outlawing internal combustion engines by 2035, the auto industries in Central...
Metals illustrate difficulty of decoupling from Russian economy – CET analysis
The US can do without Russian oil, but has been reluctant to give up on its metals. Sanctions against Russian aluminium...
Germany’s traffic-light coalition means new road ahead for CEE carmakers
As Germany opens a new chapter with an unprecedented three-party coalition led by Social Democrat Chancellor Olaf Scholz, the Central European...
EU cries foul over US tax credit proposal for EVs
The European Union is not happy with proposed US tax credits towards the purchase of electric vehicles (EVs), which it says...
V4 vie to attract VW battery plant
Volkswagen will decide on the location of a new battery cell plant in Central and Eastern Europe in the first half...
South Korean leader to ink deal in Budapest
The government is currently discussing investments with 14 South Korean companies, Hungarian Foreign Minister Peter Szijjarto said after meeting his opposite...
Chinese EV Companies Driving Carefully into EU Markets
Electric car sales more than doubled in 2020 in the European Union, and are up by 130% for the first half...
Will Hungary’s Automotive Industry Adjust to Future Challenges?
As in most countries in Central & Eastern Europe (CEE), the competitiveness of the Hungarian economy heavily depends on car production....
Erste sees moderate economic growth in CEE
Adoption of zero-emission vehicles gaining traction in Central and Eastern Europe (CEE), according to Erste Group's macroeconomic report for August 2024....
Auto sector slides down large company list – Coface CEE Top 500 study
Automotive and Transport has dropped to third place amongst large companies in CEE, as business sectors of Central and Eastern European...