This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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. Achieving full electrification in major markets by 2040. Rendering of Concept EV9.
T company, which in addition to Hyundai and Kia also supplies components to other well-known automotive carmakers in North America and Asia, will be presenting the latest technology solutions in the following areas: Hydrogen-electric powertrains. In Europe, Hyundai Mobis plans to expand further its market position.
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.
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. The twelve Member States will provide up to €2.9 billion (US$3.5 billion) in funding in the coming years.
Rio Tinto is supporting the development of a battery ecosystem in Europe with an investment in Inobat Auto (InoBat), a Europe-based battery technology and manufacturing company. This investment will support the completion of InoBat’s research and development center and pilot battery line in Voderady, Slovakia.
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.
(ZSE), the largest distributor and supplier of electricity in Slovakia, on a smart energy “feasibility” study that will help prepare the capital city Bratislava for electric vehicles (EVs). VIBRATe also marks the first joint project between the Austrian and Slovakian energy companies. —ZSE.
Infineon, a global market leader in power semiconductors, is leading the €55-million (US$75.7-million) The Project eRamp is co-funded by grants from ENIAC Joint Undertaking and from Austria, Germany, the Netherlands, Romania, Slovakia und the UK. Twenty-six research partners from six countries are participating. million) project.
The Fast-E project, co-financed by the European Union and nine companies, has officially launched , with the objective of installing 241 fast-charging charging stations in Germany and 37 in Belgium. A sister project between the Czech Republic and Slovakia will add another 30 charging stations.
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.
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.” Both are key eV components.
Volvo- and Geely-owned electric vehicle (EV) maker Polestar has announced plans to launch in seven new markets next year, as announced by the company this week. Polestar shared a press release on Monday, detailing plans to debut its EVs in seven European, Asian, and South American markets in 2025. What are your thoughts?
Using the e-mobility service provider Digital Charging Solutions’ (DCS) green charging option, the company will ensure that, for every charge undertaken by customers via its pan-European integrated public charging service, the equivalent amount of energy is fed back into the grid as green electricity.
Geely- and Volvo-owned electric vehicle (EV) maker Polestar posted heavy losses for the second quarter of the year, though the company remains hopeful about its prospects through the end of the year. million, which the company says was due to “lower global volumes and higher discounts.” Sweden, Norway, and Germany.
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 IPCEI will involve 35 projects from 29 companies, including SMEs and start-ups, with activities in one or more Member States.
As energy represents a high proportion—more than a third—of production costs, the sharp increase in the price of gas has a huge impact on companies’ profitability, especially in Europe where the price of natural gas has increased by almost 550% from December 2020 to December 2021, according to the World Bank.
In addition to expanding its own retail footprint, Polestar is deploying new non-agency sales models and has announced seven new markets it will begin selling to next year. The new strategy in Europe will include the switch to a non-agency sales model with the help of new existing partners in its current markets.
liter diesel engine now available with Kia’s new eight-speed automatic transmission, and—in certain markets—48-volt mild-hybrid power ( earlier post ). liter diesel engine, employing the company’s new SmartStream efficiency technologies. For other global markets, the 2.0-liter For selected global markets, the 2.0-liter
This help to show that BMW is more of a bank than a car company. Mercedes-Benz is most popular in Russia, Czechia and Slovakia. Produced by Forza Finance, a specialist finance company providing loans and credit facilities for UK residents and businesses. Audi is 5th place with 2 countries. Methodology.
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.
This includes the carmakers, leasing companies and fleet operators. The used-car market data was gathered from July to September 2024 across 17 European countries. For each available market, models were indexed by dividing their %RV by the category average. This was weighted against each market’s new-car sales volumes.
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.,
In preparation, the company has made considerable investments into modernising both the production line and welding shop. 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.
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? The company employs around 5,000 people in China. billion a year.
At the same time, companies like the online travel agency Hopper , which says it uses 70 trillion data points in its pricing prediction model, continue to work the problem from the other side, in a kind of A.I. Finally, A.I. Hotel supply is primarily in larger urban centers or along interstates,” he added.
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.,
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content