Remove Manufacturer Remove Market Remove Production Remove Slovakia
article thumbnail

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

Green Car Congress

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
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. Covering an area of approximately 22,000 square meters, the facility is expected to begin operations in the fourth quarter of this year with plans to hire 100 employees initially in time for start of production.

Slovakia 150
article thumbnail

Hydro’s Slovalco plant to halt primary aluminum production due to high electricity prices

Green Car Congress

Hydro’s majority-owned Slovalco aluminum facility in Slovakia has decided to close the primary aluminum production at the plant. The decision to terminate primary aluminum production at Slovalco comes in response to adverse framework conditions and high electricity prices, which show no signs of improvement in the short term.

Slovakia 199
article thumbnail

Rio Tinto and InoBat partner to explore full life-cycle lithium battery initiative

Green Car Congress

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.

Serbia 321
article thumbnail

Hyundai Motor Group affiliates to join Climate Group’s RE100, aim to expand renewable energy use

Green Car Congress

The Group is considering various ways to procure renewable energy such as self-production through solar panels, power purchase agreements (PPA) with wind and solar energy producers, as well as purchase through Korea Electric Power Corporation’s (KEPCO) ‘Green Premium’ program.

Hyundai 321
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.

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