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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.
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.”
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.
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.
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.”
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.
“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.
After revealing three new mass-market EV models, the EV3, EV4, and EV5, in October 2023, the Korean automaker is preparing to launch a fourth. Depending on the market, its expected to start at around $30,000 to $40,000 as a potential Tesla Model 3 challenger. Kia confirms EV2 will launch in January 2026 Kia is on an EV launch spree.
Kia EV3 interior (Source: Kia) Kia will build EV2 models in Slovakia, the heart of Europe, where the company aims to rapidly increase market share. Ahead of its debut, Kia’s lower-priced electric models are already rolling out in global markets. In its home market, the EV3 starts at just over $30,000 (KRW 42.08
The collaboration is expected to enhance Amara Raja’s product offering, drive innovation, and secure a strong market position in the rapidly evolving energy sector. Amara Raja Energy & Mobility Ltd (ARE&M), a prominent battery manufacturer in India, has inked a technical licensing agreement with GIB EnergyX Slovakia s.r.o.,
By transferring the production of the new-generation Superb from Kvasiny to Bratislava, Slovakia, the Czech carmaker has created additional capacity at Kvasiny to manufacture the successful Kodiaq and Karoq SUV models. Consequently, the plant is primed to build up to 410 Kodiaqs a day.
28 February 2025 Read next Launch Report: Audi Q6 e-tron provides an important first 27 February 2025 Read next BEV boost despite EU new-car market slump as emissions regulations begin 26 February 2025 Read next Which brand won the battle for Chinas EV market? Meanwhile, the bigger battery provides 630km.
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.
2024 Polestar 2 single motor And while the current Polestar 2 is assembled in China, Autocar reports that the new version will be built in Europe, likely at parent company Geely’s new plant in Slovakia. Polestar hasn’t said exactly when that SUV will arrive. That would also make U.S. While not confirmed for the U.S.,
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