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

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By picking Slovakia as the location for its new plant, Volvo Cars is creating a European triangle of manufacturing covering its largest sales region—complementing the Ghent plant (Belgium) in western Europe and the Torslanda plant (Sweden) in northern Europe. The new facility represents an investment of around €1.2

Slovakia 273
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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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The pillars will guide Kia in its efforts to reduce carbon emissions in all operational facets, from supply, logistics, vehicle production and vehicle use through to disposal of waste. Achieving full electrification in major markets by 2040. Kia is also working with its suppliers to reduce carbon emissions from the parts supply stage.

Kia 395
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Hyundai Mobis to showcase AI-controlled electric concept M.Vision X at IAA Mobility

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T company, which in addition to Hyundai and Kia also supplies components to other well-known automotive carmakers in North America and Asia, will be presenting the latest technology solutions in the following areas: Hydrogen-electric powertrains. In Europe, Hyundai Mobis plans to expand further its market position.

Hyundai 418
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EIA: US, Qatar and Russia provided almost 70% of liquefied natural gas received in Europe in 2021

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In 2021, a large share of Europe’s supply of liquefied natural gas (LNG) originated in the United States, Qatar, and Russia. In January 2022, the United States supplied more than half of all LNG imports into Europe for the month. Supply challenges in the European market have led to rising regional prices for natural gas.

Russia 416
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Rio Tinto invests in InoBat

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This investment will support the completion of InoBat’s research and development center and pilot battery line in Voderady, Slovakia. It has the potential to produce approximately 58 thousand tonnes of battery-grade lithium carbonate and position Rio Tinto as the largest source of lithium supply in Europe for at least the next 15 years.

Serbia 319
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Hyundai Motor Group affiliates to join Climate Group’s RE100, aim to expand renewable energy use

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While all five companies aim to transition to 100% renewable energy by 2050, each will make independent efforts to achieve targets ahead of schedule, by as early as 2040, depending on energy supply and demand conditions at their respective overseas operations.

Renewable 321
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Rio Tinto and InoBat partner to explore full life-cycle lithium battery initiative

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Rio Tinto’s Jadar project in Serbia, one of the largest greenfield lithium projects in development ( earlier post ), has the potential to produce approximately 55 thousand tonnes of battery grade lithium carbonate in Europe, one of the world’s largest growing electric vehicles markets.

Serbia 321