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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
The Concept EV9 hints at Kia’s next model in the dedicated BEV line-up based on the Electric Global Modular Platform (E-GMP) architecture, following in the footsteps of the Kia EV6 ( earlier post ). Achieving full electrification in major markets by 2040. Rendering of Concept EV9. Earlier post.).
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.
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 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.,
r (Hungary); Bratislava (Slovakia); Changchun (China); Aurangabad (India); Martorell (Spain); and Jakarta (Indonesia). Audi said that the SUVs will primarily strengthen its position in the North American market. Starting in mid-2016, the plant will produce the successor generation of the successful Audi Q5 SUV.
Infineon, a globalmarket 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.
The European car market remained stable during 2018, as 15.6 It was the best result since 2007, when the market peaked with 16.02 Strong results in Q2, where the market was up by 4.8%, and Q3, where the market was up by 1.1%, were enough to offset the large decline posted in Q4, where the market dropped by 7.5%
(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). IBM Slovakia is teaming with ZSE to provide insights into various implementation scenarios and infrastructure options for charging. —ZSE.
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.”
Kia’s smallest, cheapest EV has been previewed by the Kia Concept EV2 at the 2025 Kia EV Day ahead of the production small SUV’s global debut next year. Kia’s local outfit explains: “Kia Australia is keen to expand our product portfolio with as many EVs as possible, if they are appropriate for our local market.
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.
Kia Motors’ upgraded 2018 Kia Sportage ( earlier post ), the brand’s global best-selling vehicle, offers a 2.0-liter liter diesel engine now available with Kia’s new eight-speed automatic transmission, and—in certain markets—48-volt mild-hybrid power ( earlier post ). For other globalmarkets, the 2.0-liter
Germany continues to be the brand’s largest single market, with 157,800 vehicles delivered (+17.6%). Additionally, Skoda posted a strong result in the Czech domestic market, with 87,800 deliveries (+23.4%). The strongest growth was recorded in Germany, the Czech Republic and the UK, which achieved a record market share of 3.7%
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.
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.
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 globalmarkets. In its home market, the EV3 starts at just over $30,000 (KRW 42.08
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. Kia will introduce the EV4 globally this year, or what it calls an entirely new type of sedan. The EV2 will be built at its Zilina, Slovakia plant, Kias first manufacturing facility in Europe.
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.,
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? This is to lower costs and boost future investments.
billion passengers are expected to fly globally in 2024, up from the previous record of 4.5 Analysts at American Express Global Business Travel say that average ticket prices across all regions are not expected to change significantly. Jump to: Credit… Chanelle Nibbelink A record 4.7 It was acquired by Accor Hotels in 2016.
The decision sent shockwaves through the global auto industry, with Tesla CEO Elon Musk noting on X that the impact on the EV giant is “significant.” Although, it would probably adversely affect Tesla’s plans to enter the Indian market. in India, the world’s third-largest auto market. as a key market.
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