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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

Slovakia 273
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Hyundai Mobis to showcase AI-controlled electric concept M.Vision X at IAA Mobility

Green Car Congress

Major investments have already been made in its plants in the Czech Republic (battery assembly) and Slovakia (mild hybrid battery assembly + EV battery system assembly); Hyundai Mobis is continuously expanding its electrification capabilities in Europe and has established new production lines for core electric vehicle parts.

Hyundai 418
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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.

Volvo 134
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Polestar plans to launch EVs in seven new markets next year

Teslarati

The company France, Czech Republic, Slovakia, Hungary, Poland, Thailand, and Brazil through local distribution partnerships. ” In February, reports suggested that part owner Volvo was ready to call it quits on the Polestar brand. Polestar also faced some layoffs in January, later launching production of the Polestar 3 in China.

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EIA: US, Qatar and Russia provided almost 70% of liquefied natural gas received in Europe in 2021

Green Car Congress

Europe’s natural gas production has been in continuous decline because of production limits on the Groningen field in the Netherlands and declines in the mature fields in the North Sea. Natural gas supply constraints in Europe and the low storage inventories of the past year contributed to recent increases in US LNG exports to Europe.

Russia 416
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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. Norway, as part of the European Economic Area, also participates to the IPCEI Hy2Use with two individual projects.

Hydrogen 195
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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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