Volvo Automobiles plans to determine its third European manufacturing plant in Slovakia. The brand new facility, which can construct solely EVs, will complement the corporate’s vegetation in Ghent, Belgium and Torslanda, Sweden.
The brand new facility represents an funding of round 1.2 billion euros. It is going to be situated near Kosice, in jap Slovakia, the place it would profit from a well-established automotive provide chain, in addition to good logistical and transport hyperlinks to the remainder of Europe. Incentives supplied by the Slovak authorities had been additionally a key issue within the siting choice.
Building is deliberate to begin in 2023, and tools and manufacturing traces are to be put in throughout 2024. Collection manufacturing of Volvo EVs is scheduled to begin in 2026. The power is designed to provide as much as 250,000 automobiles per yr.
According to Volvo’s ambition to decarbonize its manufacturing operations by 2025, the plant will use solely climate-neutral vitality. Format and logistics move might be optimized, and Volvo Automobiles goals to satisfy the very best world requirements in vitality and environmental effectivity.
“We now have a transparent concentrate on changing into a pure electrical mobility model by 2030,” mentioned Jim Rowan, Chief Government at Volvo Automobiles. “Growth in Europe, our largest gross sales area, is essential to our shift to electrification and continued development.”
Supply: Volvo Automobiles
