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

Green Car Congress

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

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

Green Car Congress

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.

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Tesla casting machine supplier to build Giga Presses for Volvo

Teslarati

Italian casting machine manufacturer IDRA announced a partnership with Volvo in a press release this week, with the company set to install two 9,000-ton Giga Presses at the automaker’s Košice, Slovakia factory. The casting machines, originally developed for Tesla, have also been adopted recently by Ford , Toyota and Volvo owner Geely.

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

Green Car Congress

InoBat, a battery manufacturer with a battery research and development facility and pilot plant being developed in Slovakia intends to scale up its future production through gigafactories to be built in the EMEA region. —Marnie Finlayson, Managing director of Rio Tinto’s borates and lithium businesses.

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

Green Car Congress

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

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European Commission approves up to €5.4B of public support for IPCEI Hy2Tech; 41 hydrogen projects

Green Car Congress

The project, called “IPCEI Hy2Tech” was jointly prepared and notified by fifteen Member States: Austria, Belgium, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Netherlands, Poland, Portugal, Slovakia and Spain. The Member States will provide up to €5.4 billion in public funding, which is expected to unlock additional €8.8

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Stellantis to finish gearbox manufacturing at Vienna plant

Baua Electric

Stellantis is in discussions with workman unions and Austria’s climate trait supervisor, which owns the land website hosting the plant, it stated. of the personnel in neighboring Slovakia and has laid off hundreds in Italy. CEO Carlos Tavares has been on a pressure to spice up potency on the conglomerate spanning 14 manufacturers.