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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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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 133
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EC approves up to €5.2B of public support for second IPCEI in the hydrogen value chain

Green Car Congress

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

Hydrogen 293
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Stellantis to finish gearbox manufacturing at Vienna plant

Baua Electric

Stellantis is in discussions with workman unions and Austria’s climate trait supervisor, which owns the land website hosting the plant, it stated. of the personnel in neighboring Slovakia and has laid off hundreds in Italy. CEO Carlos Tavares has been on a pressure to spice up potency on the conglomerate spanning 14 manufacturers.

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EU new-car market suffers worst performance in over two years

Baua Electric

The current rules do not account for the profound shift in the geopolitical and economic climate over the past years and the law’s inherent inability to adjust for real-world developments further erodes the competitiveness of the sector,’ it said. Incentive impact The drop was partly due to a 68.8% slump in Germany. respectively.

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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

The pillars will guide Kia in its efforts to reduce carbon emissions in all operational facets, from supply, logistics, vehicle production and vehicle use through to disposal of waste. Kia is also working with its suppliers to reduce carbon emissions from the parts supply stage.

Kia 395