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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
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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 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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Rio Tinto invests in InoBat

Green Car Congress

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

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
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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. Slovakia has not implemented competitive EU CO 2 compensation framework. The closure will be completed by the end of September 2022.

Slovakia 199
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Hybrids shine as EU new-car market sees summer growth

Baua Electric

02 September 2024 Read next How have Europe’s largest used-car markets performed in the first half of 2024? 28 August 2024 The EU new-car market grew marginally in July, driven by strong hybrid growth as other popular powertrains struggled. The EU new-car market reached a total of 852,051 registrations in July, a 0.2%

Market 52
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Hyundai Motor Group affiliates to join Climate Group’s RE100, aim to expand renewable energy use

Green Car Congress

In 2019, Kia established a system to replace all power used in its production plant in Žilina, Slovakia with renewable energy. Hyundai Mobis made a full switch to renewable energy sources in its Slovakia and Sweden operations earlier this year.

Hyundai 321