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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. million cars by mid-decade, which it aims to meet with a global manufacturing footprint spanning Europe, the US and Asia.

Slovakia 273
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TSMC, Bosch, Infineon, and NXP to establish JV to bring advanced semiconductor manufacturing to Europe; €10B investment

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plan to invest jointly ina joint venture—European Semiconductor Manufacturing Company (ESMC) GmbH, in Dresden, Germany—to provide advanced semiconductor manufacturing services. TSMC, Robert Bosch GmbH, Infineon Technologies AG, and NXP Semiconductors N.V.

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Toyota Motor Manufacturing Turkey to become Toyota’s first European plant to produce plug-in-hybrid vehicles and batteries

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The second-generation Toyota C-HR will be produced at Toyota Motor Manufacturing Turkey (TMMT) in Sakarya—about 150 km east of Istanbul. Toyota is committed to achieving full carbon neutrality in Europe by 2040, and is targeting carbon neutrality in all its manufacturing facilties by 2030. market share.

Turkey 459
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XPeng planing to manufacture EVs in Europe

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Xpeng plans to manufacture electric vehicles (EVs) in Europe, circumnavigating the European Commission’s import taxes on China-made EVs. Xpeng’s Chief Executive Officer (CEO) He Xiaopeng told Bloomberg that his company is currently in the initial stages of selecting a site in Europe for EV production. a year ago.

Europe 100
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Toyota starts production of 5th-generation hybrid powertrain in Europe for new Corolla

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Toyota Motor Europe (TME) has started production of its 5 th -generation hybrid powertrains for the new Corolla. —Marvin Cooke, Executive Vice President for Manufacturing, Toyota Motor Europe. 5th generation hybrid transmission 1.8L.

Toyota 397
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European electrolyzer manufacturers commit to boosting capacity tenfold by 2025

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European Commissioner for Internal Market Thierry Breton and European electrolyzer manufacturers last week met in Brussels to discuss how to increase industry’s capacity to produce electrolyzers used to produce clean hydrogen. Today, industry agreed to a tenfold increase in electrolyzer manufacturing capacities in Europe.

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PSA and Total create JV for manufacture of EV batteries in Europe; €5B investment

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With this partnership, the parties are setting up a world-class player in the development and manufacture of high-performance batteries for the automotive industry from 2023. Position ACC as a major competitive player in supplying electric vehicle manufacturers. Ghislain Lescuyer has been appointed Chairman of the Board.