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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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InoBat Auto acquires Slovakia site for battery R&D and prototype production

Green Car Congress

European R&D and battery production company InoBat Auto has acquired a 290,000 sq ft (27,000 sq m) facility close to Bratislava, Slovakia. The property will house a 100MWh facility combining proprietary High Throughput Process ( HTP ) R&D with prototype battery cell-manufacturing capabilities.

Slovakia 186
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EIA: US, Qatar and Russia provided almost 70% of liquefied natural gas received in Europe in 2021

Green Car Congress

In 2021, a large share of Europe’s supply of liquefied natural gas (LNG) originated in the United States, Qatar, and Russia. In January 2022, the United States supplied more than half of all LNG imports into Europe for the month. Supply challenges in the European market have led to rising regional prices for natural gas.

Russia 416
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Hyundai Mobis to showcase AI-controlled electric concept M.Vision X at IAA Mobility

Green Car Congress

T company, which in addition to Hyundai and Kia also supplies components to other well-known automotive carmakers in North America and Asia, will be presenting the latest technology solutions in the following areas: Hydrogen-electric powertrains. In addition, Hyundai Mobis operates a winter test facility in Arjeplog, Sweden.

Hyundai 418
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Hyundai Motor Group affiliates to join Climate Group’s RE100, aim to expand renewable energy use

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While all five companies aim to transition to 100% renewable energy by 2050, each will make independent efforts to achieve targets ahead of schedule, by as early as 2040, depending on energy supply and demand conditions at their respective overseas operations.

Hyundai 321
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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.

Serbia 321
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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 128