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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. The new facility represents an investment of around €1.2 billion; Volvo expects around 20% to be funded by governmental support.

Slovakia 273
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Hyundai’s supplier is building a new EV parts plant in Slovakia to conquer European market

Electrek

Hyundai Motor Group’s supplier, Hyundai Mobis , is investing around $256 million (350 billion won) in building new plants in Slovakia for EV parts. The base will include Hyundai’s first EV power systems production plant in the region, a “key bridgehead for conquering the European electrification market.”

Slovakia 117
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Audi begins construction of first North American plant

Green Car Congress

r (Hungary); Bratislava (Slovakia); Changchun (China); Aurangabad (India); Martorell (Spain); and Jakarta (Indonesia). Audi said that the SUVs will primarily strengthen its position in the North American market. Starting in mid-2016, the plant will produce the successor generation of the successful Audi Q5 SUV.

Audi 273
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Rio Tinto invests in InoBat

Green Car Congress

This investment will support the completion of InoBat’s research and development center and pilot battery line in Voderady, Slovakia. InoBat is actively pursuing plans to build a number of gigafactories, including one in Serbia. Our Jadar lithium project in Serbia is on the doorstep of the European electric vehicle market.

Serbia 319
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Hyundai’s supplier is building a new EV parts plant in Slovakia to conquer European market

Baua Electric

Hyundai Motor Group’s supplier, Hyundai Mobis , is investing around $256 million (350 billion won) in building new plants in Slovakia for EV parts. The base will include Hyundai’s first EV power systems production plant in the region, a “key bridgehead for conquering the European electrification market.”

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Denied! The Kia EV2 could have been one of the cheapest EVs on-sale in Australia, instead tariffs and logistics mean we’re almost certain to miss out

EV Central

Kia’s local outfit explains: “Kia Australia is keen to expand our product portfolio with as many EVs as possible, if they are appropriate for our local market. READ MORE: First look! Futuristic new electric Kia PV5 van and people-mover shapes up and gets radical to tackle Volkswagen ID. ” 2025 Kia EV2 Concept interior.

Kia 85
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Polestar reports $242M Q2 loss, remains hopeful for rest of 2024

Teslarati

“Polestar remains confident of a stronger second half of the year, particularly in the fourth quarter as sales of the two premium SUVs build,” the company writes in the release. Chairman Håkan Samuelsson also stepped down in June , after overseeing the brand alongside Ingenlath, both since its inception.