Remove Global Remove Market Remove Production Remove Slovakia
article thumbnail

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. Volvo Cars has an ambition to move towards annual sales of 1.2

Slovakia 273
article thumbnail

Magna opening Slovakia plant for ADAS and electrification systems

Green Car Congress

Magna is expanding its ADAS and electrification footprint with the opening of a new plant in Kechnec, Slovakia. The brownfield facility will support two European automakers and new global entrant. The plant will produce some of the company’s most innovative Level 2 ADAS solutions as well as technologies for the electric vehicle market.

Slovakia 150
article thumbnail

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. More than 300 global companies are participating. Hyundai Motor and Kia, along with Hyundai Mobis Co.,

Hyundai 321
article thumbnail

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

Green Car Congress

At IAA Mobility 2021 (7-12 September 2021), Hyundai Mobis, the global N° 7 automotive supplier, will unveil the M.Vision X , an AI-included concept car for full autonomous driving, in a European premiere. In Europe, Hyundai Mobis plans to expand further its market position.

Hyundai 418
article thumbnail

Polestar reports $242M Q2 loss, remains hopeful for rest of 2024

Teslarati

million, which the company says was due to “lower global volumes and higher discounts.” During the second quarter, Polestar announced plans to launch its EVs in seven new markets in 2025 , including Brazil, the Czech Republic, France, Hungary, Poland, Slovakia, and Thailand.

article thumbnail

Amara Raja Energy & Mobility signs technical licensing agreement with GIB Energy for LFP cell production – ET Auto

Baua Electric

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.,

Energy 40
article thumbnail

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

Baua Electric

18 September 2024 Read next Tesla and BYD do battle in July’s global EV market 17 September 2024 EU new-car registrations declined sharply in August, marking their biggest drop since April 2022. Recording 643,637 registrations , the EU new-car market shrank by 18.3% The big five markets had contrasting fortunes in this period.