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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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Magna opening Slovakia plant for ADAS and electrification systems

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

Slovakia 150
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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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Achieving full electrification in major markets by 2040. The single largest portion of carbon emissions generated by any mass vehicle manufacturer occurs when the vehicle is in daily use and on the road. Rendering of Concept EV9. Earlier post.). Kia aims to electrify its full vehicle line-up in Europe by 2035.

Kia 395
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Rio Tinto invests in InoBat

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Rio Tinto is supporting the development of a battery ecosystem in Europe with an investment in Inobat Auto (InoBat), a Europe-based battery technology and manufacturing company. This investment will support the completion of InoBat’s research and development center and pilot battery line in Voderady, Slovakia.

Serbia 319
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Rio Tinto and InoBat partner to explore full life-cycle lithium battery initiative

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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
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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. The twelve Member States will provide up to €2.9 billion (US$3.5 billion) in funding in the coming years. billion in public support.

Battery 482
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3-year, $75.7M eRamp power electronics research project launches at Infineon

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The three-year research project “eRamp”, intended to strengthen and expand Germany and Europe as centers of expertise for the manufacture of power electronics, launched at Infineon Technologies in Dresden. Infineon, a global market leader in power semiconductors, is leading the €55-million (US$75.7-million) million) project.

Austria 265