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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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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. In Korea, Kia’s Gwangmyeong, Hwaseong and Gwangju plants have obtained ISO50001 certifications.

Renewable 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. —Marnie Finlayson, Managing director of Rio Tinto’s borates and lithium businesses.

Serbia 321
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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
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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. The Member States will provide up to €5.2

Hydrogen 195
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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 115
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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. respectively.