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

Green Car Congress

By picking Slovakia as the location for its new plant, Volvo Cars is creating a European triangle of manufacturing covering its largest sales region—complementing the Ghent plant (Belgium) in western Europe and the Torslanda plant (Sweden) in northern Europe. The new facility represents an investment of around €1.2

Slovakia 273
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Magna opening Slovakia plant for ADAS and electrification systems

Green Car Congress

Magna is expanding its ADAS and electrification footprint with the opening of a new plant in Kechnec, Slovakia. The plant will produce some of the company’s most innovative Level 2 ADAS solutions as well as technologies for the electric vehicle market. The brownfield facility will support two European automakers and new global entrant.

Slovakia 150
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EEB report finds only Belgium and Slovakia on track to meet EU air pollution targets

Green Car Congress

EEB analysis found that only two member states (Belgium and Slovakia) are on track to meet the targets for the decade between 2020 and 2029, while only Belgium is on course to satisfy its 2030 commitments. Greece, Luxembourg and Romania have still not delivered their program and Italy has only submitted a draft.

Belgium 186
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Polestar plans to launch EVs in seven new markets next year

Teslarati

Volvo- and Geely-owned electric vehicle (EV) maker Polestar has announced plans to launch in seven new markets next year, as announced by the company this week. Polestar shared a press release on Monday, detailing plans to debut its EVs in seven European, Asian, and South American markets in 2025. What are your thoughts?

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Hyundai Mobis to showcase AI-controlled electric concept M.Vision X at IAA Mobility

Green Car Congress

In Europe, Hyundai Mobis plans to expand further its market position. The company is pursuing a strategic transformation into a software- and platform-oriented technology company.

Hyundai 418
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Hydro’s Slovalco plant to halt primary aluminum production due to high electricity prices

Green Car Congress

Hydro’s majority-owned Slovalco aluminum facility in Slovakia has decided to close the primary aluminum production at the plant. Slovakia has not implemented competitive EU CO 2 compensation framework. The closure will be completed by the end of September 2022.

Slovakia 199
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Polestar (PSNY) is expanding its retail and sales footprint, will enter seven new markets in 2025

Baua Electric

In addition to expanding its own retail footprint, Polestar is deploying new non-agency sales models and has announced seven new markets it will begin selling to next year. The new strategy in Europe will include the switch to a non-agency sales model with the help of new existing partners in its current markets.