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Volvo Cars building €1.2B EV manufacturing plant in Slovakia; third in Europe

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The new plant will be climate-neutral and build only electric cars, underpinning the company’s ambition to become fully electric by 2030 and climate-neutral by 2040, and to continue expanding its global production capacity to match its growth ambitions. The new facility represents an investment of around €1.2

Slovakia 273
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Hyundai Motor Group affiliates to join Climate Group’s RE100, aim to expand renewable energy use

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Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewable energy. In Korea, Kia’s Gwangmyeong, Hwaseong and Gwangju plants have obtained ISO50001 certifications.

Hyundai 321
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Rio Tinto and InoBat partner to explore full life-cycle lithium battery initiative

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Rio Tinto’s Jadar project in Serbia, one of the largest greenfield lithium projects in development ( earlier post ), has the potential to produce approximately 55 thousand tonnes of battery grade lithium carbonate in Europe, one of the world’s largest growing electric vehicles markets.

Serbia 321
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EC approves up to €5.2B of public support for second IPCEI in the hydrogen value chain

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The project, called “IPCEI Hy2Use” was jointly prepared and notified by thirteen Member States: Austria, Belgium, Denmark, Finland, France, Greece, Italy, Netherlands, Poland, Portugal, Slovakia, Spain and Sweden. The Member States will provide up to €5.2

Hydrogen 195
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Kia outlines its path to achieving carbon neutrality by 2045; full electrification in major markets by 2040, in Europe by 2035

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The pillars will guide Kia in its efforts to reduce carbon emissions in all operational facets, from supply, logistics, vehicle production and vehicle use through to disposal of waste. Achieving full electrification in major markets by 2040. Kia is also working with its suppliers to reduce carbon emissions from the parts supply stage.

Kia 395