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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. In line with Volvo Cars’ ambition to have climate-neutral manufacturing operations by 2025, the plant will use only climate-neutral energy.

Slovakia 273
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Hyundai Motor Group affiliates to join Climate Group’s RE100, aim to expand renewable energy use

Green Car Congress

Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewable energy. To be a member, a company must have significant power footprint (i.e.

Renewable 321
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EC approves second major battery innovation project; €2.9B (US$3.5B) from 12 member states

Green Car Congress

The project, called “European Battery Innovation” (EuBatIn) was jointly prepared and notified by Austria, Belgium, Croatia, Finland, France, Germany, Greece, Italy, Poland, Slovakia, Spain and Sweden. Having batteries that are more sustainable throughout their life cycle is key to achieve our ambitious climate targets. billion (US$3.5

Batteries 482
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Rio Tinto and InoBat partner to explore full life-cycle lithium battery initiative

Green Car Congress

Rio Tinto and InoBat, a European battery technology and manufacturing company, signed a Memorandum of Understanding to work together to accelerate the establishment of a “cradle-to-cradle” battery manufacturing and recycling value chain in Serbia. —Marnie Finlayson, Managing director of Rio Tinto’s borates and lithium businesses.

Serbia 321
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Volvo Cars gears up for long-term sustainable growth with new Slovakia EV manufacturing plant

Electric Cars Report

Volvo Cars announces today it will establish 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.

Slovakia 104
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Kia outlines its path to achieving carbon neutrality by 2045; full electrification in major markets by 2040, in Europe by 2035

Green Car Congress

By 2045, Kia plans to reduce 97% of the company’s 2019 level of carbon emissions. The company will attain carbon neutrality by implementing additional measures to fully offset its remaining carbon emissions. Kia is planning to increase the company’s percentage of plastic re-use to 20% by 2030.

Kia 395
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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. Investing in such innovative technologies can however be risky for one Member State or one company alone.

Hydrogen 293