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

Green Car Congress

Volvo Cars will build a third manufacturing plant in Europe, positioning the company well to meet the continued demand from its customers for electric cars and capture future growth potential. Volvo Cars has an ambition to move towards annual sales of 1.2 The new facility represents an investment of around €1.2

Slovakia 273
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Toyota Motor Manufacturing Turkey to become Toyota’s first European plant to produce plug-in-hybrid vehicles and batteries

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The second-generation Toyota C-HR will be produced at Toyota Motor Manufacturing Turkey (TMMT) in Sakarya—about 150 km east of Istanbul. Toyota is committed to achieving full carbon neutrality in Europe by 2040, and is targeting carbon neutrality in all its manufacturing facilties by 2030. market share.

Turkey 459
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Stellantis aims for 100% BEV sales in Europe, 50% in US by 2030

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Stellantis CEO Carlos Tavares said that the company is targeting global battery-electric vehicle sales of 5 million units in 2030, reaching 100% of passenger car BEV sales mix in Europe and 50% passenger cars and light-duty trucks in the United States. Stellantis N.V.

Europe 365
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Toyota starts production of 5th-generation hybrid powertrain in Europe for new Corolla

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Toyota Motor Europe (TME) has started production of its 5 th -generation hybrid powertrains for the new Corolla. During this time TME has accelerated its investments in hybrid technology, and in the last four years, the overall electrified mix in the total Toyota’s European sales has grown from 30% to 66%.

Toyota 397
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NIO Power Europe plant to commence operation; support for battery swapping and R&D

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Péter Szijjártó, Minister of Hungarian Foreign Affairs and Trade, and Hui Zhang, Vice President of NIO Europe Office, jointly announced that NIO Power Europe Plant in Pest megye, with investment from NIO, will commence operation in September. NIO’s first battery swap station in Norway.

Europe 329
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Hybrids represented 52% of all Toyota Motor Europe sales in 2019; 63% in West Europe

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Toyota Motor Europe reported 2019 sales of 1,089,422 Toyota and Lexus vehicles, an increase of +5.2% The new RAV4 plug-in hybrid will be the flagship of Toyota’s hybrid lineup in Europe. With sales of 1,002,216 vehicles, Toyota sold more than one million vehicles for the first time since 2008 delivering 4.5%

Europe 243
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PSA and Total create JV for manufacture of EV batteries in Europe; €5B investment

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With this partnership, the parties are setting up a world-class player in the development and manufacture of high-performance batteries for the automotive industry from 2023. Position ACC as a major competitive player in supplying electric vehicle manufacturers. Ghislain Lescuyer has been appointed Chairman of the Board.