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Volvo Cars building €1.2B EV manufacturing plant in Slovakia; third in Europe

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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.

Slovakia 273
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Hyundai Mobis to showcase AI-controlled electric concept M.Vision X at IAA Mobility

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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. For example, all of the vehicle’s windows can be switched into a display with various functions.

Hyundai 418
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EC approves second major battery innovation project; €2.9B (US$3.5B) from 12 member states

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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. In 2018, the Commission adopted the Strategic Action Plan for Batteries and has promoted a wide range of initiatives as part of the plan.

Battery 482
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IBM and ZSE team on Central European e-mobility project; “green highway”

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IBM is working with ZSE on the charging stations between Vienna and Bratislava s part of the VIBRATe e-mobility project. 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). Click to enlarge.

Slovakia 236
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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

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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 also working with its suppliers to reduce carbon emissions from the parts supply stage.

Kia 395
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European Fast-E project launches; 278 fast-charging points in Germany and Belgium

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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.

Belgium 199
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European Commission approves up to €5.4B of public support for IPCEI Hy2Tech; 41 hydrogen projects

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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